SHOP Stock Surges 61% in 6 Months: Can Clientele Increase Aid Growth?

Shopify (SHOP) shares have surged 61.4% in the trailing six months, outperforming the Zacks Computer and Technology sector’s appreciation of 2.9% and the Zacks Internet – Services industry’s return of 4.1%.Shopify has been benefiting from robust growth in its merchant base, driven by its merchant-friendly tools like Shop Pay, Shopify Payments, Shopify Collective, Shopify Audiences, Shopify Capital and Shop Cash. These innovative offerings are enabling Shopify to attract merchants, even amid challenging econ ...