We came across a bullish thesis on Shopify Inc. (SHOP) on Investing Intel’s Substack. In this article, we will summarize the bulls’ thesis on SHOP. Shopify Inc. (SHOP)'s share was trading at $101.51 as of 23rd May. SHOP’s trailing and forward P/E were 82.53 and 72.46 respectively according to Yahoo Finance.
Shopify’s Q1 results revealed a mixed picture that initially spooked investors despite underlying business strength. The company delivered solid revenue growth and improved adjusted operating income, reinforcing the resilience of its core e-commerce and merchant solutions...
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