Why Shopify, Opendoor, and Upstart Holdings Rocketed Higher This Week
Shares of rate-sensitive growth stocks (NYSE: SHOP), Opendoor Technologies (NASDAQ: OPEN), and Upstart Holdings (NASDAQ: UPST) rallied this week, up 11.7%, 21.2%, and 21.7%, respectively, according to data from S&P Global Market Intelligence.
Shopify is a high-growth e-commerce stock, Opendoor is an online e-commerce platform that buys and sells homes, and Upstart is a loan underwriter, mostly for unsecured personal loans and auto loans.
What do they have in common? Each is extremely sensitive to the interest rate environment, and each stock has been absolutely clobbered over the past two years by the fastest-ever series of interest rate hikes in history.
Source Fool.com
Shopify Inc Aktie
68,03 €
1,63 %
Leichtes Buy-Übergewicht bei der Shopify Inc Aktie mit 5 zu 1 Einschätzungen.
Bei einem Kursziel von 75 € ergibt sich ein leicht positives Potenzial von 10.25% im Vergleich zum aktuellen Kurs von 68.03 € für Shopify Inc.
