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Our monthly Fire ‘Best Buys Now‘ are designed to highlight our team’s three favourite, most timely Buys from our growing list of growth-focused Fire recommendations, to help investors build out their portfolios.

Here are the latest three picks from our team of experts.

• While Shopify derives most of its revenue from taking slices of transactions processed on its platform, the true value is in the ecosystem it creates.
• Payment processing, point-of-sale systems, and marketing are only a few of the value-added options that merchants have when it comes to using it as a commerce platform, and each of these is a vital piece of its increasingly sticky pie.
• Its third-quarter results showed it’s currently operating from a position of strength, with sales and profitability beating analyst expectations. Sales grew by 32% to $2.8bn while gross profit grew by 24%.
• The company benefited from a growing merchant base, international expansion (most prominently in Europe) and growth in offline business-to-business sales. There has been no notable change in business from tariffs.
• In our view, the business remains well-positioned to continue growing through continued merchant growth, greater Shopify Payments penetration, international expansion, and larger retailers joining the platform (potentially helped by wins in the offline business).