These days, if entrepreneurs or small businesses want to set up an e-commerce site, there’s one name that’s top of mind: Shopify (NYSE:SHOP). But the company is so much more than a website designer: It allows merchants to cover all of their back-end needs (think: payments, shipping, analytics) all from a single interface.
Obviously, with e-commerce being as big a trend as it is, that’s meant big business for Shopify. It also helps explain why the growth stock has returned 3,400% for investors over the past five years.
But Motley Fool contributors Brian Stoffel and Brian Feroldi think there’s still a very long runway for growth at Shopify. In this Aug. 17 video, the two explain why Shopify remains a core holding for them both.
This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.
View more information: https://www.fool.com/investing/2021/08/24/why-shopify-is-still-just-getting-started/