Down 76% in 2022, Is Shopify Stock a Buy for 2023?

By Parkev Tatevosian, CFA – Jan 1, 2023 at 7:00AM

NASDAQ: SHOP

Shopify

Market Cap

$138B

Today's Change

(0.32%) $0.34

Current Price

$106.31

Price as of June 20, 2025, 3:58 p.m. ET

Consumers diverted more spending to away-from-home experiences in 2022, which hurt Shopify stock.

Shopify (SHOP 0.32%) hopes online spending will accelerate in 2023 as it invests in rolling out its fulfillment services to merchants.

*Stock prices used were the afternoon prices of Dec. 29, 2022. The video was published on Dec. 31, 2022.

Parkev Tatevosian, CFA 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 fool.com/parkev, 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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