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  5. SHOP: Hi Team, What are your thoughts on the company's current valuation and it's future prospects? [Shopify Inc. Class A Subordinate Voting Shares]

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Q: Hi Team,

What are your thoughts on the company's current valuation and it's future prospects?

Do you believe this could be a long term compounder? Would you be comfortable buying it here?

Thanks,
Asked by Keith on October 18, 2024
5i Research Answer:
SHOP is trading at 11.1x Forward Price/Sales. It is not cheap, but the valuation has come down...
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