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Shopify Inc. (SHOP): A Bull Case Theory

We came across a bullish thesis on Shopify Inc. (SHOP) on Substack by Compounding Your Wealth. In this article, we will summarize the bulls’ thesis on SHOP. Shopify Inc. (SHOP)'s share was trading at $82.29 as of April 3rd. SHOP’s trailing and forward P/E were 53.04 and 54.35 respectively according to Yahoo Finance.

Shopify, founded in 2006 in Ottawa, has grown into one of the world’s most influential e-commerce infrastructure companies, now powering over 4.6 million active websites. What began as a platform for small merchants to launch online stores has evolved into a...