Shopify: The Market Leader Deserves A Premium

JHVEPhoto Shopify (NYSE:SHOP) (TSX:SHOP:CA) has always executed well as one of the largest and fast -growing e-commerce integrated operations platforms. It was always valued at a premium. Is the premium justified now that Shopify's revenue growth has slowed to the low twenties? Should we pay 10X for 22% estimated sales growth or 60x for 30% adjusted earnings growth? As we see from the 5-year charts, Shopify at $65, is way below its 52-week high of $92, its P/E has also dipped from its high above $100 an ...