Shopify Stock Plunged After Earnings. Should I Buy?

The state of Shopify's investment case after its first quarter.Shopify (SHOP -5.62%) stock plunged following its first-quarter earnings. While its 23% yearly revenue growth closely approximated its performance in past quarters, a forecast for lower Q2 revenue growth and a return to net losses appeared to spook investors.Nonetheless, one can still argue that Shopify is expensive even after the pullback. This leaves investors to question whether this is a buying opportunity or whether they should hold or poss ...