Shopify Stock Up 50%: Why It's Not Too Late to Buy

By Jason Hall and Jeff Santoro – Oct 17, 2023 at 5:03AM

NYSE: SHOP

Shopify

Market Cap

$92B

Today's Change

(1.11%) $0.78

Current Price

$71.33

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

A pivot back to what has made it successful, and accelerating growth are just part of the story.

Shares of Shopify (SHOP 1.11%) have surged in 2023. Many investors may think they've missed the chance to buy. In this video, Motley Fool contributors Jason Hall and Jeff Santoro explain why that's not the case, and why investors looking for growth can still consider buying shares now.

*Stock prices used were from the afternoon of Oct. 12, 2023. The video was published on Oct. 17, 2023.

John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Jason Hall has positions in Shopify. Jeff Santoro has positions in Amazon.com and Shopify. The Motley Fool has positions in and recommends Amazon.com and Shopify. The Motley Fool has a disclosure policy. Jason Hall 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.