Shopify (SHOP 0.41%) 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.
S&P 500
$5,958.38
+0.7%
+$41.45
DJI
$42,654.74
+0.8%
+$331.99
NASDAQ
$19,211.10
+0.5%
+$98.78
Bitcoin
$103,871.00
+1.0%
+$1,037.73
AAPL
$211.31
-0.1%
-$0.14
AMZN
$205.54
+0.2%
+$0.37
GOOG
$167.32
+1.2%
+$1.92
META
$640.11
-0.6%
-$3.77
MSFT
$453.88
+0.2%
+$0.75
NVDA
$135.20
+0.3%
+$0.38
TSLA
$349.44
+1.9%
+$6.62
Free Article
You're reading a free article with opinions that may differ from The Motley Fool's Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More
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
$144B
Today's Change
(0.41%) $0.45
Current Price
$110.66
Price as of May 16, 2025, 3:58 p.m. ET
Consumers diverted more spending to away-from-home experiences in 2022, which hurt Shopify stock.
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.
Stocks Mentioned
Shopify
SHOP
$110.66
(0.41%)
$0.45
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
Related Articles
Cathie Wood Is Buying This Top E-Commerce Stock That's Down 36%, and She Won't Stop Selling Palantir.
Shopify: As Trade Tensions Ease, Is the Stock a Buy?
Why Shopify Stock Is Up Today
2 Growth Stocks Down 20% & 35% to Buy Now
Shopify Stock Takes Its Cue From Palantir Technologies. History Says This Will Happen Next.
Premium Investing Services
Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.