Shopify is likely poised for even higher highs over the long term due to its durable moats and solid growth prospects.
In the Canadian market, Shopify (TSX:SHOP) appears to be a long-term winner worth considering on pullbacks.
Investors should assess stock moves by a company's underlying fundamentals, rather than traditional momentum metrics.
Investors should assess most moves in a given stock not on traditional momentum metrics, but rather by the merits of a company's underlying fundamentals.
This approach highlights the potential for long-term growth in companies like Shopify.
Author's summary: Shopify is a long-term winner in the Canadian market.