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Shopify stock falls 25% YTD despite strong Q1 revenue growth and $12B run rate

Analyst Insights
06 Jun 2026
Seeking Alpha
View Source
Bullish
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Shopify's stock has dropped about 25% year-to-date even though the company reported strong first-quarter 2026 results, including approximately 35% revenue growth and surpassing a $12 billion annualized revenue run rate. The company remains a leader in e-commerce solutions with multiple revenue streams and is well-positioned to withstand workforce changes driven by AI. The author maintains a buy rating, viewing the current stock weakness as a good long-term investment opportunity.

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