The YouTuber is bullish on Shopify, viewing it as the backbone of millions of online businesses with a massive runway for growth in the e-commerce market. He points to its strong revenue and GMV growth, recurring revenue model, and its strategic positioning to benefit from social commerce and the creator economy. He also notes AI's role in lowering barriers for new online businesses, which will further drive merchant adoption. Despite recent weak performance, he believes the stock is attractive and will reach $130 within 12 months.
“What's nice about the stock is that it's down and it has had really weak performance recently. The stock is attractive and I believe it will be $130 per share stock in the next 12 months.” — ▶ 23:50