Review of Shopify Inc.

JUL 17, 2025 - Given the strong competitive advantage of high switching costs and a tremendous addressable market. SHOP is expected to continue to grow at a healthy pace in the foreseeable future. The company has shifted its long-term growth strategy relative to giants like Amazon by only focusing on high-value-added, high-margin software solutions and divesting capital-intensive, competitive, commoditized logistics. Lastly, SHOP’s management has demonstrated a commitment to cost control recently, which we think could help expand margins significantly over time due to its business model with high operational leverage. The company continues to be a great long-term holding for growth-oriented investors. We are maintaining our rating of ‘A-‘.

Download Report

{tplLang.businessdescription | toLang tLang}

{ profileData.description }

{tplLang.details | toLang tLang}

{tplLang.ceo | toLang tLang}

{profileData.profile.details.ceo}

{tplLang.employees | toLang tLang}

{profileData.profile.details.employees | numeraljs '0,0'}

{tplLang.issuetype | toLang tLang}

{profileData.profile.details.issuetype | asIssueType}

{tplLang.industryclassifications | toLang tLang}

{tplLang.sector | toLang tLang}

{profileData.profile.classification.sector}

{tplLang.industry | toLang tLang}

{profileData.profile.classification.industry}

{tplLang.toolname| toLang tLang}

There is no {tplLang.toolname| toLang tLang} currently available for {data.symbolstring}.

Amazon.com Inc. (AMZN $226.76)
- $226.76 P/E (TTM): 31.44X Cap: $2.42T
- View AMZN Profile
- View Questions on AMZN
Alphabet Inc. (GOOG $303.75)
- $303.75 P/E (TTM): 30.38X Cap: $3.58T
- View GOOG Profile
- View Questions on GOOG
Intuitive Surgical Inc. (ISRG $561.89)
- $561.89 P/E (TTM): 73.26X Cap: $199.18B
- View ISRG Profile
- View Questions on ISRG
Netflix Inc. (NFLX $94.00)
- $94.00 P/E (TTM): 3.95X Cap: $398.30B
- View NFLX Profile
- View Questions on NFLX
NVIDIA Corporation (NVDA $174.14)
- $174.14 P/E (TTM): 44.1X Cap: $4.23T
- View NVDA Profile
- View Questions on NVDA
Booking Holdings Inc. (BKNG $5,345.47)
- $5,345.47 P/E (TTM): 35.42X Cap: $172.30B
- View BKNG Profile
- View Questions on BKNG
United Rentals Inc. (URI $800.53)
- $800.53 P/E (TTM): 21.09X Cap: $50.93B
- View URI Profile
- View Questions on URI
Sun Life Financial Inc. (SLF $84.56)
- $84.56 P/E (TTM): 21.09X Cap: $47.13B
- View SLF Profile
- View Questions on SLF
- View Reports on SLF
Constellation Software Inc. (CSU $3,325.58)
- $3,325.58 P/E (TTM): 75.35X Cap: $70.47B
- View CSU Profile
- View Questions on CSU
- View Reports on CSU
Intact Financial Corporation (IFC $284.05)
- $284.05 P/E (TTM): 23.37X Cap: $50.50B
- View IFC Profile
- View Questions on IFC
Shopify Inc. Class A Subordinate Voting Shares (SHOP $229.90)
- $229.90 P/E (TTM): 142.92X Cap: $299.16B
- View SHOP Profile
- View Questions on SHOP
- View Reports on SHOP
Axon Enterprise Inc. (AXON $563.28)
- $563.28 P/E (TTM): 175.99X Cap: $43.40B
- View AXON Profile
- View Questions on AXON
Robinhood Markets Inc. (HOOD $117.16)
- $117.16 P/E (TTM): 48.25X Cap: $105.34B
- View HOOD Profile
- View Questions on HOOD
Brookfield Corporation Class A Limited Voting Shares (BN $61.72)
- $61.72 P/E (TTM): 89.91X Cap: $137.75B
- View BN Profile
- View Questions on BN
Nebius Group N.V. (NBIS $78.09)
- $78.09 Cap: $17.96B
- View NBIS Profile
- View Questions on NBIS
Tesla CDR (CAD Hedged) (TSLA $42.65)
- $42.65 P/E (TTM): 240.14X Cap: $2.10T
- View TSLA Profile
- View Questions on TSLA

Q: Hi I hold the following positions
CSU overweight
CLS overweight
GOOG overweight
BN overweight
GLXY
NBIS
NVDA
ISRG
AXON
SHOP
AMAZON
HOOD
VOO
URI
PNG

Would you add to existing positions or choose to buy others?

Please list your top 5 other stocks, and a brief reason for each ? Cnd or US

Thank you

Read Answer Asked by Nick on December 17, 2025

Constellation Software Inc. (CSU $3,325.58)
- $3,325.58 P/E (TTM): 75.35X Cap: $70.47B
- View CSU Profile
- View Questions on CSU
- View Reports on CSU
Celestica Inc. (CLS $373.02)
- $373.02 P/E (TTM): 47.79X Cap: $43.72B
- View CLS Profile
- View Questions on CLS
Thomson Reuters Corporation (TRI $181.23)
- $181.23 P/E (TTM): 34.02X Cap: $80.61B
- View TRI Profile
- View Questions on TRI
Shopify Inc. Class A Subordinate Voting Shares (SHOP $229.90)
- $229.90 P/E (TTM): 142.92X Cap: $299.16B
- View SHOP Profile
- View Questions on SHOP
- View Reports on SHOP
Firan Technology Group Corporation (FTG $11.50)
- $11.50 P/E (TTM): 26.56X Cap: $289M
- View FTG Profile
- View Questions on FTG
- View Reports on FTG
5N Plus Inc. (VNP $18.04)
- $18.04 P/E (TTM): 25.94X Cap: $1.60B
- View VNP Profile
- View Questions on VNP
Kraken Robotics Inc. (PNG $5.78)
- $5.78 P/E (TTM): 94.5X Cap: $1.77B
- View PNG Profile
- View Questions on PNG
- View Reports on PNG
Zedcor Inc. (ZDC $5.79)
- $5.79 P/E (TTM): 391.43X Cap: $601M
- View ZDC Profile
- View Questions on ZDC
kneat.com inc. (KSI $4.76)
- $4.76 Cap: $450M
- View KSI Profile
- View Questions on KSI
- View Reports on KSI
Vitalhub Corp. (VHI $9.12)
- $9.12 P/E (TTM): 171.96X Cap: $567M
- View VHI Profile
- View Questions on VHI
- View Reports on VHI
Galaxy Digital Inc. Class A common stock (GLXY $31.00)
- $31.00 Cap: $12.10B
- View GLXY Profile
- View Questions on GLXY
- View Reports on GLXY
Kits Eyecare Ltd. (KITS $17.12)
- $17.12 P/E (TTM): 151.55X Cap: $550M
- View KITS Profile
- View Questions on KITS
Tantalus Systems Holding Inc. (GRID $4.64)
- $4.64 Cap: $238M
- View GRID Profile
- View Questions on GRID
Electrovaya Inc. (ELVA $9.35)
- $9.35 P/E (TTM): 93.79X Cap: $367M
- View ELVA Profile
- View Questions on ELVA

Q: I am down on these two companies in my TFSA, and am thinking of selling in favor of another Canadian growth company. I already own ELVA, FTG, GRID, KITS, PNG, VNP and ZDC. Which would you add to, or do you suggest adding another growth company.

Read Answer Asked by Merrilyn on December 12, 2025

Celestica Inc. (CLS $373.02)
- $373.02 P/E (TTM): 47.79X Cap: $43.72B
- View CLS Profile
- View Questions on CLS
Shopify Inc. Class A Subordinate Voting Shares (SHOP $229.90)
- $229.90 P/E (TTM): 142.92X Cap: $299.16B
- View SHOP Profile
- View Questions on SHOP
- View Reports on SHOP
goeasy Ltd. (GSY $126.96)
- $126.96 P/E (TTM): 9.25X Cap: $2.03B
- View GSY Profile
- View Questions on GSY
- View Reports on GSY
Firan Technology Group Corporation (FTG $11.50)
- $11.50 P/E (TTM): 26.56X Cap: $289M
- View FTG Profile
- View Questions on FTG
- View Reports on FTG
TerraVest Industries Inc. (TVK $158.35)
- $158.35 Cap: $3.35B
- View TVK Profile
- View Questions on TVK
- View Reports on TVK
Hammond Power Solutions Inc. Class A Subordinate Voting Shares (HPS.A $158.77)
- $158.77 P/E (TTM): 24.26X Cap: $1.89B
- View HPS.A Profile
- View Questions on HPS.A
Albemarle Corporation (ALB $140.48)
- $140.48 Cap: $16.53B
- View ALB Profile
- View Questions on ALB
Kraken Robotics Inc. (PNG $5.78)
- $5.78 P/E (TTM): 94.5X Cap: $1.77B
- View PNG Profile
- View Questions on PNG
- View Reports on PNG
Zedcor Inc. (ZDC $5.79)
- $5.79 P/E (TTM): 391.43X Cap: $601M
- View ZDC Profile
- View Questions on ZDC
Comfort Systems USA Inc. (FIX $918.54)
- $918.54 P/E (TTM): 41.02X Cap: $31.17B
- View FIX Profile
- View Questions on FIX
Kratos Defense & Security Solutions Inc. (KTOS $71.40)
- $71.40 P/E (TTM): 562.54X Cap: $11.78B
- View KTOS Profile
- View Questions on KTOS
BWX Technologies Inc. (BWXT $170.75)
- $170.75 P/E (TTM): 54.12X Cap: $15.37B
- View BWXT Profile
- View Questions on BWXT
Galaxy Digital Inc. Class A common stock (GLXY $31.00)
- $31.00 Cap: $12.10B
- View GLXY Profile
- View Questions on GLXY
- View Reports on GLXY
Hims & Hers Health Inc. Class A (HIMS $34.77)
- $34.77 P/E (TTM): 46.66X Cap: $7.91B
- View HIMS Profile
- View Questions on HIMS
Tantalus Systems Holding Inc. (GRID $4.64)
- $4.64 Cap: $238M
- View GRID Profile
- View Questions on GRID
Robinhood Markets Inc. (HOOD $117.16)
- $117.16 P/E (TTM): 48.25X Cap: $105.34B
- View HOOD Profile
- View Questions on HOOD
Propel Holdings Inc. (PRL $24.91)
- $24.91 P/E (TTM): 11.38X Cap: $980M
- View PRL Profile
- View Questions on PRL
- View Reports on PRL
Telesat Corporation Common and Variable Voting Shares (TSAT $37.93)
- $37.93 Cap: $1.37B
- View TSAT Profile
- View Questions on TSAT
Reddit Inc. Class A (RDDT $231.34)
- $231.34 P/E (TTM): 36.48X Cap: $43.83B
- View RDDT Profile
- View Questions on RDDT

Q: Everyone, i never understand what will make a multi bagger until one has already happened. What would you consider the characteristics of a multi bagger and what stocks do think will make that list in 10 or 20 years from now? Clayton

Read Answer Asked by Clayton on December 09, 2025