After Another Impressive Quarter for Shopify, Is Shopify Stock Headed Back to Its All-Time High?

There's a lot of excitement around e-commerce company Shopify (NYSE: SHOP) of late. It reported some strong earnings numbers for the third quarter, and the stock has been rallying as a result of that. It has hit a new 52-week high recently, and there could be even more upside for Shopify as the business still sees a lot more growth ahead for the current quarter.Given its strong results, could the stock get back to the all-time high it hit in 2021?Over the past few years, Shopify's growth rate has been volatile due to a myriad of economic conditions, including supply chain constraints, inflation, and an overall slowdown in spending after a surge during the early stages of the pandemic. And investors were concerned that with the economy potentially heading for a recession, Shopify could be facing even greater headwinds in the near future.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool