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Is Shopify's Valuation Justified?

TheMotleyFool

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Is Shopify's Valuation Justified?: https://g.foolcdn.com/editorial/images/826148/shop.jpg

Since launching its initial public offering (IPO) in 2015, Shopify (NASDAQ: SHOP) has garnered attention for its ease of use and rapid transaction processing. The stock continued to grow as the company expanded its e-commerce ecosystem, elevating its valuation.

Concerns about its earnings multiple persist. Investors should take a closer look at its valuation metrics to see if they can build a case for buying Shopify stock.

Image source: Getty Images.

Source Fool.com