Should you buy Shopify stock? (December 2023)

See more of my work at https://www.3minutebreakdowns.com Shopify stock analysis. Ticker: $SHOP Since reporting earnings last month, Shopify stock has rallied 52% adding 32 billion dollars of market value. That gives the company a current market cap just under 94 billion. Account for cash and debt and the enterprise value is roughly 90 billion. Revenue over the last 12 months totals 6.7 billion with 549 million of free cash flow but net income is still negative at minus 1.2 billion. Despite making a loss over the last 12 months, this was an impressive quarter from Shopify. Top line revenue increased 25% year over year, gross merchandise value grew 22% and free cash flow margin hit 16%. The company is moving closer to profitability. In fact, the latest quarter showed 718 million of positive net income. In addition, Shopify has made several positive developments. The company is partnering with Amazon Buy with Prime, Intuit and WPP and launching new AI products such as Sidekick. International expansion is now a priority with the launch of Shopify Markets Pro and the company expects to continue to drive top line growth next quarter while decreasing operating expenses.