Does Shopify Stock Have More Room To Run?
1. Shopify shares surged 35% year-to-date, nearing a doubling over 12 months. 2. Q2 results show 31% revenue growth, exceeding expectations amidst operational efficiency. 3. Innovative AI tools enhance merchant support and revenue management capabilities. 4. Shopify maintains strong long-term growth forecasts despite high valuation multiples. 5. Risks include competition from Amazon and potential consumer spending slowdowns.