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Shopify sharesThe Motley Fool
•76% Informative
Shopify controls 28% of the U.S. market for e-commerce platforms.
It powers the software that allows more than 1 million retailers to sell online.
E-commerce is a huge market, but it doesn't sell directly to consumers.
As the largest competitor, Shopify has more investable funds than the competition.
Analysts expect Shopify to grow by 36% annually over the next five years .
Shopify shares undeniably trade at a premium, but they're relatively cheap following a recent correction.
Right now, Shopify stock is valued at 11 times sales.
The massive and growing e-commerce market gives Shopify the benefit of a long-term rising tide.
Network effects will allow it to outpace this underlying market growth.
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