$100 Invested In This Stock 5 Years Ago Would Be Worth $500 Today
Portfolio Pulse from Benzinga Insights
Over the past 5 years, Shopify (NYSE:SHOP) has significantly outperformed the market, with an annualized return of 23.41% and an average annual return of 36.15%, growing a $100 investment to $460.47. Shopify's market capitalization stands at $104.09 billion, highlighting the impact of compounded returns on investment growth.
February 06, 2024 | 5:00 pm
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POSITIVE IMPACT
Shopify's stock has shown remarkable growth over the past 5 years, turning a $100 investment into $460.47, with a current market cap of $104.09 billion.
The significant outperformance of Shopify (SHOP) over the past 5 years, with an average annual return of 36.15%, indicates strong company growth and market confidence. This historical performance, coupled with a substantial market capitalization, suggests a positive outlook for Shopify's stock in the short term. The emphasis on compounded returns further highlights the potential for continued growth.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100