Shopify Stock Soars Over 100% in 2022 But Still Has Room to Grow Despite Premium Valuation
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Shopify stock has seen huge growth, more than doubling in 2022. But there's still room for further expansion based on strong merchant demand and recurring revenue growth.
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Profitability is improving thanks to higher sales and lower costs after selling off Shopify's expensive logistics business.
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Positive cash flow trends suggest potential for great investor returns in coming years.
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Valuation is high, at 14 times sales, given Shopify isn't as profitable as peers like Microsoft and Adobe.
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Long-term growth outlook remains bright if Shopify can continue gaining market share and making platform more valuable with AI.