SHOP Stock Analysis 🛒 Is Shopify a Good Stock to Buy Post 10-1 Split?
Let's get to the point today, since we're all busy preparing for the long weekend 🙌 I took an updated look at Shopify... not because of the stock split... well, kinda. The stock continues to take a beating, and one must ask if it's reached attractive levels.
In short, I do think the Shopify (e-commerce) business is valued very fairly here and there is upside. However, I worry about the macroeconomic environment and the investments they've made – which are significant on their balance sheet – still have more downside.
Buying Shopify, is also buying a piece of a venture capital or ARKK fund... which isn't bad, but maybe not the right time?
I will likely dip my feet in once we get some sort of pivot from the Fed.
What are y0ur thoughts on the video, Shopify, anything? Lmk!
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