I'd try to explain a valuation case, and if it doens't add up. I don't buy.I'm still not convinced on SHOP, but it's also tough to differentiate a 'bubble stock' from a company which really is rising to greatness. The market tends to happily give fast-growing companies a high multiple.
I decided to get my exposure using XIT
4 months ago I was waiting for $950 and as time passed by, I actualized my target to $1050. If I actualize my target again to account those 4 months that have passed, my target would be $1200. Maybe I'll finally be able to buy.I want to buy SHOP but I'm currently waiting due to its valuation, even considering its revenue growth. I was waiting for $950 when it was near $1500 and dropped around $1150. Maybe I missed an opportunity. Now I'm waiting for $1050 or I'll readjust my target after earnings results.
I'm not trying to defend SHOP's valuation here, but what you wrote here is describing the story of what makes Shopify attractive.I was involved in a monolithic, multi-million dollar web project. When discussing platform options Shopify came up. The discussion lasted all of 2 minutes. We went with Magento 2 Open Source that we customized to the gills.