Should Investors Buy Shopify Stock Now That It's Reached a ...

E-commerce software company Shopify recently announced a partnership with Amazon, its biggest rival, in a potentially game-changing move. Shopify, which had previously acquired shipping logistics company Deliverr and then sold it, will now offer Amazon's "Buy with Prime" product on sites powered by its software. This partnership is seen as a win-win, as Amazon gains access to Shopify's large merchant base, while Shopify retains control over payments. Despite trading at an expensive price-to-sales ratio, with revenue growth reaccelerating in Q2, Shopify will need to continue growing substantially to be a good investment.

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Frequently Asked Questions

Q: Should investors buy Shopify stock now that it's reached a certain level?

A: The search results do not provide a direct answer to this specific question. However, the articles indicate positive reasons for buying Shopify stock, such as expected profit growth, recovering free cash flow, and its potential as a momentum stock. It's important for investors to conduct further research and analysis to make an informed decision.