Why SHOPIFY Stock is UP 205% this Year?!

Get Your FREE Stock Market Portfolio Template!: https://www.subscribepage.com/stockmarketspreadsheet Over the past couple of weeks, the entire financial community has been taken aback by Tesla's insane stock price spike. During this time, another stock has also been crushing the charts, but with less overall media coverage. Shopify stock has kinda been flying under the radar in the shadow of some other tech companies, but we’re still looking at a 194% gain over the past 12 months! Shopify stock debuted the year on January 1st, 2019 at a mere $187 Canadian and has since climbed to now just above $700 a share, having still taken a 30% hit in Q4 between September and November of 2019. This begs the question though, is this growing stock price justified? Shopify is a subscription-based e-commerce platform for entrepreneurs to create their very own online store. They also have Shopify Payments, Shopify Capital and are launching a fulfillment network across the United-States. Currently, Shopify's market cap is the 7th largest market capitalization on the Toronto Stock Exchange and has an average year over year revenue growth of 40%! What do you think the future of Shopify holds? Comment down below :) Resources I Use and Recommend: ► Get $25 For FREE with Wealthsimple Trade 🇨🇦💵 (Stock Brokerage): https://wealthsimple.sjv.io/6a3Xb ► Accurately Track Your Stock Market Returns 📊 (Portfolio Tracker): https://www.griffinmilkscourses.com/spreadsheet ► Learn to Invest in the Stock Market 📈 (Full Course): https://www.griffinmilkscourses.com/course ► Get $50 for FREE with Wealthsimple Invest 🤑 (ETF Brokerage): https://wealthsimple.sjv.io/KY7mN ► Get $50 in Free Trades with Questrade 🇨🇦 (Stock Brokerage): http://www.questrade.com?refid=5cc1f638589bf ► Get up to $250 in BTC with BlockFi! 💸 (Free Crypto): https://blockfi.mxuy67.net/c/1442462/907782/10568 ► Get up to 1.25% interest with this savings account 💰 (Savings Account): https://api.fintelconnect.com/t/l/60c8c10b1164cb001dc0b38f Disclaimer: This video contains affiliate links, meaning that if you click on a product link I may receive a commission at no additional cost to you. I do not promote products, services or companies I have not personally used or those which I do not recommend. All opinions are my own.