Is It Still Prudent to Invest in Shopify Stock?
Is It Still Prudent to Invest in Shopify Stock?
One of the biggest e-commerce stocks on the TSX, Shopify (TSX:SHOP) remains a top growth stock many investors are focused on. That's partly because the company's growth rate has re-accelerated of late, while its post-pandemic comps are now a thing of the past.
作爲TSX上最大的電子商務股票之一，Shopify (TSX:SHOP) 仍然是許多投資者關注的頂級成長股。這部分是因爲公司的增長率最近重新加速，而其疫情後的比較已成爲過去。
The question moving forward is whether Shopify remains a growth stock investors still want to put fresh capital in, or if this is a company that's best avoided â particularly if a recession is ahead.
未來的問題是，Shopify 是否仍然是投資者想要注入新資本的成長股，還是最好避免這家公司，尤其是在衰退來臨的時候。
Let's dive in.
讓我們深入研究一下。
If we do get a recession, Shopify could see downside
如果我們確實經歷了衰退，Shopify 可能會遭受下跌。
There are certainly risks with investing in a software-as-a-service company like Shopify right now. If you're one of the millions of investors that's worried about an impending recession (particularly as the yield curve steepens), this is a stock that could see significant downside.
當前投資軟件即服務公司 Shopify 存在風險。如果你是數百萬擔心即將到來的衰退（特別是隨着收益曲線的陡峭）的投資者之一，這是一家可能會遭受重大下跌的公司。
Earning the majority of its revenue via transaction fees on its platform, Shopify's growth rate is closely tied to e-commerce growth around the world. With a business that extends into 175 countries, there is some diversification there. And lower interest rates should help the company from a valuation standpoint. But any sort of protracted broad decline in e-commerce volumes is a risk to be considered.
Shopify 大部分的營業收入來自平台上的交易費用，增長率與全球電子商務的增長密切相關。公司業務覆蓋175個國家，這裏有一定的多樣性。而較低的利率期貨應該有助於從估值角度幫助公司。但任何種類的電子商務交易量長期大幅下降都是一個需要考慮的風險。
Growth has been strong thus far
到目前爲止，Shopify 的增長一直很出色。
On the other side of the coin, Shopify's recent year-over-year growth rate in Q1 has impressed many in the market. While SHOP stock has seen some volatility of late, so long as these growth metrics remain in place, there's a solid case for upside from here.
另一方面，Shopify 在一季度的同比增長率最近給市場上許多人留下了深刻的印象。雖然 SHOP 股票最近有些波動，但只要這些增長指標保持不變，就有一個堅實的上漲理由。
The company reported 29% year-over-year revenue growth this past quarter, adjusted for the sale of its logistics business. This was driven by gross merchandise value (GMV) growth of 23% globally, and merchant solutions revenue growth of 20%.
公司報告稱，在過去一季度，經過物流業務銷售調整計算，其營業收入同比增長了29％。這是由全球23％的商品總價值（GMV）增長和20％的店鋪解決方案營收增長推動的。
If these numbers persist, there's a strong case to be made that owning Shopify makes sense here.
如果這些數字持續，那麼在這裏擁有 Shopify 是有意義的。
So, is it a buy?
那麼，它該不該買入？
It's my view that Shopify likely isn't a stock every investor should own. This company is certainly cyclically sensitive, and there are risks tied to a potential recession to take into account.
我認爲 Shopify 可能不是每個投資者都應該持有的股票。這家公司肯定受週期性影響，而且與潛在衰退相關的風險要考慮在內。
On the other hand, the company has strong secular growth tailwinds that are hard to ignore. So, for those looking to load up a TFSA with a growth stock to buy, dollar cost averaging into this name may be the best course of action from here.
另一方面，這家公司有着強的長期增長勢頭，這是難以忽視的。因此，對於那些希望購買成長股的 TFSA 投資者，逐步取得這個名字可能是從這裏開始的最佳選擇。
The post Is It Still Prudent to Invest in Shopify Stock? appeared first on The Motley Fool Canada.
此文本來源於 Motley Fool Canada，版權歸原作者所有，僅供參考，不構成投資建議。