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Shopify's CFO Highlights the Strength of the Business

Shopify's sales are growing faster than expected.

By Parkev Tatevosian, CFA – May 24, 2023 at 5:45AM EST

Investors were concerned that after economies reopened, Shopify's (SHOP 2.63%) business would struggle. Fool.com contributor and finance professor Parkev Tatevosian explains why that hasn't been the case.

*Stock prices used were the afternoon prices of May 20, 2023. The video was published on May 22, 2023.

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About the Author

Parkev Tatevosian, CFA
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.
TMFParkev
X@TMFParkev

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.

Stocks Mentioned

Shopify Stock Quote
Shopify
NASDAQ: SHOP
$126.11
(-2.63%)-$3.41

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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