Shopify Soars on Strong Revenue Growth. Is It Too Late to Buy the Stock?

Shares ended last week with a 27% gain.2024 has been a tale of two quarters for Shopify (SHOP 1.09%). The e-commerce company's stock tanked in May after it reported first-quarter results. Analysts were expecting 19.5% growth in the second quarter, and management's "high-teens percentage rate" guidance left investors disappointed.But this week, shares surged after the Q2 results showed 21% revenue growth, topping management's prior outlook and analysts' estimates too.If this all seems a little silly to you, ...