$1000 Invested In Shopify 5 Years Ago Would Be Worth This Much Today
Portfolio Pulse from Benzinga Insights
Over the past 5 years, Shopify (NYSE:SHOP) has outperformed the market with an annualized return of 18.02%, averaging 30.68% annually. A $1000 investment in SHOP 5 years ago would now be worth $3,800.70. Shopify's market capitalization currently stands at $101.46 billion.
March 26, 2024 | 9:00 pm
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Shopify has significantly outperformed the market over the past 5 years, with a $1000 investment growing to $3,800.70.
The article highlights Shopify's impressive performance over the past 5 years, with an annualized return of 18.02% and an average annual return of 30.68%. This significant outperformance compared to the market and the substantial growth of an initial $1000 investment to $3,800.70 showcases Shopify's strong market position and potential for continued growth. Given this performance, investor sentiment is likely to be positive, potentially driving short-term price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100