Shopify is likely poised for even higher highs over the long term due to its durable moats and solid growth prospects.
Investors should assess stock moves based on a company's underlying fundamentals, rather than traditional momentum metrics.
Investing in companies with durable moats and solid growth prospects is a key strategy for long-term success.
Shopify (TSX:SHOP) appears to be a long-term winner worth considering on pullbacks, driven by its strong fundamentals.
Author's summary: Shopify is a top Canadian stock for long-term growth.