After years of rapid expansion, the jury is now out on Shopify (NYSE: SHOP) stock. The last I wrote about Shopify following the second-quarter report, I discussed what accounted for the company's massive $2.68 billion net loss (using GAAP, or generally accepted accounting principles) through the first half of 2022. GAAP net income or net loss doesn't really tell the true profitability of Shopify's actual operations.
Growth stocks have seen better days. Rising inflation and the Federal Reserve's response have caused investors to shun these investments. However, that could be an opportunity for long-term investors to scoop up excellent stocks like Shopify (NYSE: SHOP) at lower prices.
Shopify Inc. stock is trending on the Yahoo Finance Platform. Here is a visualization of $SHOP performance over time, how that performance compares to the wider industry, and analyst projections for the current quarter.Check out the ticker page here.