The e-commerce enabler is diligently working to mitigate macroeconomic headwinds.
After soaring at the pandemic's onset, Shopify's (SHOP 4.90%) prospects are deteriorating. Consumers are choosing to shop at brick-and-mortar stores instead of online. In this video, I will highlight the two significant headwinds facing Shopify stock in 2022.
Stock prices used were the afternoon prices of Oct. 5, 2022. The video was published on Oct. 8, 2022.
Parkev Tatevosian has positions in Shopify. The Motley Fool has positions in and recommends Shopify. The Motley Fool recommends the following options: long January 2023 $1,140 calls on Shopify and short January 2023 $1,160 calls on Shopify. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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