Is Shopify (TSX:SHOP) a Screaming Buy Right Now?

The ongoing market volatility since the beginning of 2025 has plenty of investors spooked, and the S&P/TSX Composite IndexÂ shows that. From the start of the year to April 2, the Canadian benchmark index declined by over 9%, with a particularly steep 11% decline between April 2 and April 8, 2025.For most, this is not the ideal time to invest in growth stocks.

Investing in high-growth stocks is risky enough as it is. Doing that when the market is so volatile might not make sense to most investors. However, contrarian investors with well-balanced portfolios and the stomach to bear potential losses are looking at a potentially excellent opportunity.

Shopify Inc. (TSX:SHOP) has long been a top pick for growth-seeking investors. As of this writing, the stock trades at a 35.

4% discount from its 52-week high. Letâs see why some brave investors might consider it a screaming buy for their self-directed investment portfolios.Shopify stockShopify is a $153.

5 billion market-cap giant in the global e-commerce space. The Ottawa-headquartered company provides a platform for merchants of all sizes to set up an online presence, from creating their online stores to fulfillment, payment and shipping services. The company became particularly successful during the pandemic.

Social distancing regulations forced people to rely more on online buying, and Shopify made it easier for businesses to set up online stores to meet the soaring demand. The companyâs growth rate has normalized significantly in recent years, and it is no longer the largest market-cap stock it once was at its peak. But overall, Shopify stock is a company that is doing really well.

Growth is still on the cardsIf you look at the growth chart above, you will see that the stock has declined significantly since its peak in the last five years, but it has been on the rise over the last couple of years, besides the 34.9% dip between February and April 2025. Some investors might question whether it is worth buying at current levels.

Investors with a long-term horizonÂ know better than to let short-term volatility be the only reason guiding investment decisions. When you look past the rapid price changes and see the underlying drivers supporting growth, you will see a company with solid growth potential. The industry is rapidly growing, and the number of merchants seeking a strong online presence will only increase.

Shopify offers one of the industryâs leading platforms, operates in several high-margin segments, and is constantly working to improve the e-commerce experience for its clients. The recent integration of AI-powered features is just one example of the work it is doing to this end.Foolish takeawayThe companyâs operational performance is also a big reason why it can be a worthy growth stock to hold long term.

The company brought in $2.8 billion in revenue during the fourth quarter of fiscal 2024, which was a 31% jump from its revenue in the same quarter last year. Its strong earnings growth and the industryâs rise are indicative of the potential of outsized returns.

Shopify stock’s history shows substantial volatility, so itâs important to remember that it might not be an ideal holding for someone who needs short-term gains. It is the kind of investment that might work better if you hold it for the long run.The post Is Shopify (TSX:SHOP) a Screaming Buy Right Now? appeared first on The Motley Fool Canada.

Should you invest $1,000 in Shopify right now?Before you buy stock in Shopify, consider this:The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy nowâ¦ and Shopify wasnât one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years.Consider MercadoLibre, which we first recommended on January 8, 2014 .

.. if you invested $1,000 in the âeBay of Latin Americaâ at the time of our recommendation, youâd have $21,345.

77!*Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month â one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 24 percentage points since 2013*.

See the Top Stocks* Returns as of 4/21/25(function() { function setButtonColorDefaults(param, property, defaultValue) { if( !param || !param.includes('#')) { var button = document.getElementsByClassName("pitch-snippet")[0].

getElementsByClassName("pitch-button")[0]; button.style[property] = defaultValue; } } setButtonColorDefaults("#5FA85D", 'background', '#5FA85D'); setButtonColorDefaults("#43A24A", 'border-color', '#43A24A'); setButtonColorDefaults("#fff", 'color', '#fff');})()More reading Shopify Stock Below $130: A Potential TFSA Accelerator for Tax-Free Capital Gains Growth Stocks to Buy: 2 Canadian Gems That Look Poised to Soar How I’d Invest $50,000 of TFSA Cash to Protect Against Currency Risks 5 Canadian Blue-Chip Stocks to Buy and Hold in Your TFSA for Your Childrenâs Future TSX Today: What to Watch for in Stocks on Tuesday, April 22Fool contributor Adam Othman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Shopify.

The Motley Fool has a disclosure policy..