Shopify Stock Poised for Further Growth Fueled by E-Commerce Dominance and Emerging AI Offerings
• Shopify's share price has risen 375% over the last 5 years and has potential to grow further in the next bull market.
• Shopify is a leader in e-commerce software with a strong presence powering over 10% of online retail sales in the U.S.
• Shopify offers robust products and services for merchants to manage omni-channel businesses and has lots of room for growth in B2B e-commerce.
• Shopify is introducing AI capabilities like Shopify Audiences and Shopify Magic which can be monetized in the massive AI software market.
• Shopify stock currently trades at a historically low valuation compared to expected 23% annual revenue growth over the next 5 years.