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Shopify Stock (NYSE:SHOP): Can High Growth Justify High Valuations?

Shopify stock (NYSE:SHOP) has risen about 66% over the past year, reflecting the company's continued success in maintaining superior growth metrics. As the leading platform for building e-commerce stores, Shopify has been driving strong GMV, revenue, and free cash flow growth, which has boosted investor confidence in the stock. However, Shopify's continued rally reminds me of an ever-present question surrounding the stock - its valuation. Importantly, Shopify stock's premium doesn't provide a margin of safety. As a result, I
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