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• If you are wondering whether Shopify at around US$129.36 still offers value or if the easy gains are behind it, this article is for you.

• The stock has recently posted a 6.1% return over 7 days and 15.4% over 30 days, yet year to date it is sitting on a 17.7% decline, with a 39.2% return over 1 year and 13.2% over 5 years, and a very large 3 year return of 195.3%.

• Recent headlines have continued to focus on Shopify’s role as a core e commerce platform partner for merchants and its place in discussions about online retail and software stocks. This context helps explain why the share price has…