Canada-based e-commerce company Shopify Inc. (SHOP) offers small and medium-sized businesses a cloud-based, multi-channel commerce platform. Although the company’s latest results show an improvement in its top line, softened demand could weigh heavily on its worsening bottom line, as reflected in its soft guidance.
Moreover, given the ever-present risk of technological disruption in an intensely competitive industry, it could be wise to avoid this stock for now.
