Artificial Intelligence (AI) Could Send This Stock Higher Even After Terrific Gains This Year
(NYSE: SHOP) stock has been in fine form in 2023 with an impressive gain of 77% as of this writing. And a significant chunk of that gain arrived following the release of the company's third-quarter results on Nov. 2.
Shares of the Canada-based e-commerce platform provider lost steam in October as investors were concerned about how the company's Q3 results may look.
However, Shopify's performance last week boosted investors' sentiments, as the stock is up almost 24% since releasing its results. Let's see why that was the case before focusing on a key catalyst that could help Shopify sustain its hot stock market run in the future as well.
Source Fool.com
Shopify Inc Aktie
68,03 €
1,63 %
Die Community bevorzugt leicht Shopify Inc, mit etwas mehr Buy- (5) als Sell-Einschätzungen (1).
Die Community sieht für Shopify Inc ein leicht positives Kursziel von 75 € im Vergleich zum aktuellen Kurs von 68.03 €.
