Here's Why You May Want to Avoid Shopify Stock, Even After Selling Off
Shopify(SHOP) The Motley Fool·2024-05-10 12:03"Buying the dip" doesn't always make sense.Shares of e-commerce and payment platform provider Shopify (SHOP -0.45%) plunged following the company's first-quarter earnings release this week. Is the sell-off a buying opportunity or a sign of potentially more trouble ahead?Shopify's financial results show a fast-growing company. But that doesn't mean the stock is a buy. The company's market capitalization, currently standing at around $80 billion, necessitates both strong top-line growth and a clear path to su ...