Why Axis

Despite Shopify’s stock-market wipeout, analysts see a path for long-term growth

Shopify’s stock opened this week trading down 66 per cent from its all-time high, a fall that has wiped nearly US$150 billion from its market cap since mid-November. While the Ottawa-headquartered firm has benefited from the pandemic-induced shift to online shopping, its prospects for long-term growth may depend on the success of new offerings like small-business banking, and its big bet on logistics.

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