Just a quick chart showing Shopify's price-to-sales ratio, which is nearing 70. That means investors are paying $70 to get $1 in revenue from Shopify. I have yet to see a large cap stock of this size trade at a multiple like it. Truly amazing to see.
No comment if it is overvalued or undervalued. But, it is high up on my watchlist for future volatility and I thought some of you would find it interesting.
They could grow 200%+ and I guess at that point it makes sense. But the expectations are high for them and need to hit on all cylinders.
No comment if it is overvalued or undervalued. But, it is high up on my watchlist for future volatility and I thought some of you would find it interesting.
They could grow 200%+ and I guess at that point it makes sense. But the expectations are high for them and need to hit on all cylinders.
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