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I'm Not Buying Shopify Stock at These Levels

The creator analyzes Shopify's stock, noting its strong revenue growth and free cash flow margins. Despite acknowledging the company's premium business qualities and market opportunity, the creator concludes that Shopify stock is slightly overvalued based on its forward P/E ratio and a discounted cash flow model, suggesting a more comfortable valuation around a forward P/E of 50.

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SHOPNeutralMedium ConvictionSignal-backedPrimary

Shopify stock is currently slightly overvalued at a forward P/E of 61.6, with a DCF valuation also indicating it's overvalued.

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