4 Green Flags for Shopify Stock in 2023 (and Beyond)

By Parkev Tatevosian, CFA – May 21, 2023 at 9:17AM

NYSE: SHOP

Shopify

Market Cap

$91B

Today's Change

(1.11%) $0.78

Current Price

$71.33

Price as of April 26, 2024, 4:00 p.m. ET

Shopify stock has been on the rise recently as investors get excited about the e-commerce enabler.

Fool.com contributor and finance professor Parkev Tatevosian highlights four green flags for Shopify (SHOP 1.11%) stock investors in 2023 and beyond.

*Stock prices used were the afternoon prices of May 18, 2023. The video was published on May 20, 2023.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends 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.