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-‘.

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Dollarama Inc. (DOL $170.03)
- $170.03 P/E (TTM): 36.46X Cap: $46.28B
- View DOL Profile
- View Questions on DOL
Shopify Inc. Class A Subordinate Voting Shares (SHOP $137.94)
- $137.94 P/E (TTM): 96.77X Cap: $178.74B
- View SHOP Profile
- View Questions on SHOP
- View Reports on SHOP

Q: Hi 5i,
I have about a half position in SHOP and a one third position in DOLLARAMA. Same question for both. (I know you can't predict what will happen with price but value your approach here.) Do you think I should add mostly now to either or both or add more slowly over the next one or two quarters? Thank you.

Read Answer Asked by Tulio on May 13, 2026

Shopify Inc. Class A Subordinate Voting Shares (SHOP $137.94)
- $137.94 P/E (TTM): 96.77X Cap: $178.74B
- View SHOP Profile
- View Questions on SHOP
- View Reports on SHOP

Q: I have a big drop -34% in SHOP and following your response earlier today that it may take 1-2 quarters to come back up, is there in your opinion a big risk of selling to claim the capital loss and buy back in 30 days?
Thanks

Read Answer Asked by Marco on May 12, 2026

Shopify Inc. Class A Subordinate Voting Shares (SHOP $137.94)
- $137.94 P/E (TTM): 96.77X Cap: $178.74B
- View SHOP Profile
- View Questions on SHOP
- View Reports on SHOP

Q: At what price does one buy the stock? After issuing a slightly muted forecast, it keeps falling. When does it become a good buy? Is 5i still seeing good things for the company in the future? Has your view been diminished any after their last report?

Read Answer Asked by preston on May 13, 2026