This could be like buying Amazon shares several years ago.
While the rate of growth may have eased up after last year's meteoric spurt as locked-down individuals launched their own start-ups at a record pace, expansion is reverting to a more normalized and sustainable pace for the long term. Founded in 2004, Shopify went public 11 years later. At around $1,470 per share today, Shopify is a $182 billion company that's valued at 43 times this year's sales, or what Wall Street says makes it fully valued at this level.
With the stock now down by 20% in the past month, Fool.com contributors Matt Frankel and Dan Caplinger take a closer look in this Fool Live video clip, recorded on Nov. 18. Matt Frankel: Dan, I was looking at MercadoLibre's numbers and I'm sitting here scratching my head why the stock is down so much recently, so maybe you could shed a little bit of light on that.