If You'd Invested $1,000 in Shopify (SHOP) 3 Years Ago, Here's How Much You'd Have Today

The stock's valuation these days implies rosy expectations from the investment community. Investors might believe that the world of online retail is dominated only by Amazon. But there are other businesses that are finding remarkable success in the market. Shopify (NASDAQ: SHOP) deserves some attention, as it provides a vast ecosystem of products and services that help companies start and grow. The business has definitely taken investors on a volatile journey. But disciplined shareholders who have been able to stay the course are reaping huge rewards. Had you invested $1,000 in this top e-commerce stock three years ago, here's how much you'd have today. This stock is back to its winning ways. In the past three years, shares have skyrocketed 499% (as of Oct. 9). This monster gain would've grown a $1,000 starting capital outlay into almost $6,000 in just 36 months. Shopify's all-time high of $169.06 was reached in November 2021. The stock is less than 4% off that peak right now. Shopify processed $87.8 billion in gross merchandise sales in the second quarter (ended June 30), a whopping 87% more than in the same period of 2022. As a result, revenue has soared. Shopify is constantly innovating, too, most notably with artificial intelligence features that further benefit its customers. The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Shopify wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $657,979!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,122,746!* Now, it's worth noting Stock Advisor's total average return is 1,060% -- a market-crushing outperformance compared to 187% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. Neil Patel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon and Shopify. The Motley Fool has a disclosure policy.

If You'd Invested $1,000 in Shopify (SHOP) 3 Years Ago, Here's How Much You'd Have Today

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