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Shopify stock is up 17% after the company reported Q3 earnings. Is the stock a buy right now?
In this video, I will cover Shopify's (SHOP 0.28%) third-quarter earnings report, which beat on the top and bottom lines. The stock is up over 40% this year, but it has shown that it deserves to trade at a premium.
*Stock prices used were from the trading day of Nov. 1, 2023. The video was published on Nov. 2, 2023.
Neil Rozenbaum 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. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, 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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