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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Constellation Software Inc. (CSU $2,963.34)
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Shopify Inc. Class A Subordinate Voting Shares (SHOP $176.78)
- $176.78 P/E (TTM): 145.94X Cap: $230.54B
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Q: It's been a while since you've been asked about this company specifically.

I don't really want to sell companies hit by the software scare, but I am thinking of opportunity cost and perhaps switching the money in KXS to something in the same sector with more upside potential (eg. CSU).

Can you comment on KSX and, if you would make this move, one or two companies to switch into.

Read Answer Asked by Kevin on March 04, 2026

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Shopify Inc. Class A Subordinate Voting Shares (SHOP $176.78)
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- View SHOP Profile
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- View Reports on SHOP
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Q: I have the following investments and I am wondering which ones would be good for long term investments? I am 30 years old. This is for my TFSA. I would be okay with USA and Canadian investments for medium to high risk.

Read Answer Asked by Nancy on March 03, 2026

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Celestica Inc. (CLS $339.51)
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- View CLS Profile
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Shopify Inc. Class A Subordinate Voting Shares (SHOP $176.78)
- $176.78 P/E (TTM): 145.94X Cap: $230.54B
- View SHOP Profile
- View Questions on SHOP
- View Reports on SHOP

Q: I interpret your response to my question dated March 2 to be CLS is expected to have the highest total return of the three companies with the most risk. Shop is expected to have the least total return, but with the corresponding least risk over the next 18 months. Thank you

Read Answer Asked by Richard on March 03, 2026