Why Is Shopify Stock Soaring, and Is It Too Late to Buy?

By Parkev Tatevosian, CFA – Nov 14, 2024 at 6:45AM

NASDAQ: SHOP

Shopify

Market Cap

$167B

Today's Change

(-3.53%) -$4.53

Current Price

$123.90

Price as of July 22, 2025, 3:58 p.m. ET

Shopify (SHOP -3.53%) is accelerating revenue growth and has ambitions to take a larger share of the e-commerce market.

*Stock prices used were the afternoon prices of Nov. 11, 2024. The video was published on Nov. 13, 2024.

About the Author

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

@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 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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