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Is Shopify's Stock Heading Back to $100?

Is Shopify's Stock Heading Back to $100?

In just the past month, shares of Shopify (NYSE: SHOP) have surged more than 50%, making it one of the hottest investments to own lately. Shopify is a top e-commerce stock to own and its performance relies heavily on the state of the economy. On Saturday, Shopify reported that its merchants sold $4.1 billion in products and services on its platform during Black Friday, a 22% increase from the previous year.