Here's How Much $100 Invested In Shopify 10 Years Ago Would Be Worth Today
Portfolio Pulse from Benzinga Insights
Over the past 10 years, Shopify (NYSE:SHOP) has significantly outperformed the market, with an annualized return of 29.86% and an average annual return of 40.19%, growing a $100 investment to $2,915.18. Shopify's market capitalization stands at $92.56 billion.
May 02, 2024 | 4:30 pm
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Shopify has demonstrated remarkable growth over the past decade, with a $100 investment growing to $2,915.18, reflecting an annualized return of 29.86% and an average annual return of 40.19%.
Shopify's significant outperformance over the market and its substantial growth in investment value over a decade highlight its strong market position and potential for continued growth. This historical performance, especially with a market capitalization of $92.56 billion, suggests a positive outlook for Shopify's stock in the short term, as it demonstrates the company's ability to generate value for its investors.
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