3 Reasons to Be Bullish on Shopify Stock

By Jose Najarro – Dec 1, 2022 at 6:15AM

NYSE: SHOP

Shopify

Market Cap

$102B

Today's Change

(-0.78%) -$0.61

Current Price

$78.07

Price as of September 20, 2024, 10:37 a.m. ET

Strong holiday sales might be a huge bullish case for Shopify.

Today's video focuses on Shopify (SHOP -0.78%) and why investors may be excited about the future potential of this e-commerce giant. The company has taken steps to reduce expenses and maintain a strong balance sheet. Check out the short video to learn more, consider subscribing, and click the special offer link below.

*Stock prices used were the market prices of Nov. 30, 2022. The video was published on Nov. 30, 2022.

Jose Najarro 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. Jose Najarro is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.