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Where Will Shopify Stock Be in 3 Years?

Where Will Shopify Stock Be in 3 Years?

Shopify (NYSE: SHOP) stock has given up several years of gains in just a few painful months this year. Shopify has been growing at a 53% compound annual growth rate since mid-2019, yet those massive gains are slowing. Management says this growth rate is far below its projections from early 2022, mainly because consumers have pivoted back toward normal spending patterns rather than continuing to favor e-commerce as they did during earlier phases of the pandemic.