Could Shopify Stock Repeat Amazon’s Run Since 2007?
Investors who bought Amazon (NASDAQ:AMZN) stock at the end of 2007 have watched their shares climb over 50-fold since then. It’s natural to ask what e-commerce company could do something similar next.
With its stock near a record, Shopify (NASDAQ:SHOP) is a clear candidate. Shares of the e-commerce software company closed at a record $179.22 earlier this week, and they trade around $170 as I write.
And on size alone, the comparison works surprisingly well. Shopify’s revenue for the last 12 months was about $13.3 billion. Amazon‘s revenue in 2007 was $14.8 billion.
Source: www.fool.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.