Is Shopify's Stock a Buy Now?
Shopify Inc (NYSE: SHOP), a leading e-commerce company, delivered a solid second-quarter 2023 performance, with revenue increasing 31% year over year and cash flows turning from negative $87 million to a positive $97 million.
Despite reporting solid numbers, Shopify's stock price has since fallen 21% after the earnings announcement. Should investors take this opportunity to buy the stock?
Image source: Getty Images.
Source Fool.com
Shopify Inc Aktie
68,94 €
0,94 %
Leichtes Buy-Übergewicht bei Shopify Inc mit 5 Buy- gegenüber 1 Sell-Einschätzungen.
Für Shopify Inc ergibt sich mit einem Kursziel von 75 € ein leicht positives Potenzial gegenüber dem aktuellen Kurs von 68.94 €.
