Shopify’s slogan on its website is “making commerce better for everyone.” And, it’s certainly doing so thus far. The companies are similar, but not exact. Shopify, especially in its younger years, was often dubbed “The Next Amazon”. So what exactly does Shopify (TSE:SHOP) do? So, the real question is, does this company still have room to run? How much more can Shopify really grow? Lets have a look. The company’s share price has increased because it’s also one of the fastest growing companies in the country, routinely crushing analyst expectations and posting 45%+ annual revenue growth. Shopify’s meteoric rise hasn’t been based on hype or outlandish predictions. Those who bought the stock, $10,000 worth of this popular e-commerce giant when it IPOed in 2015 have saw that investment grow to $379,000 in just over 5 years. In fact, this is a popular Canadian growth stock that will likely go down in history as one of the most successful Canadian stocks in history. There is no questioning Shopify ( TSE:SHOP) has been one of the most notable Canadian stocks of recent memory.
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