1 Growth Stock Down 63% to Buy Right Now
Given the stock's massive meltdown during the first half of 2022, it would be easy to conclude (NYSE: SHOP) is just another tech stock bust. Investors were stoked by the premise in the midst of the coronavirus pandemic. With the major lockdowns over and businesses returning to normal, however, the luster of its online store-building schtick seems to be fading.
Take a closer look though. While the COVID-19 pandemic may have put a spotlight on the company, Shopify was growing with or without the pandemic-prompted boost. That's not changed in the meantime. The only thing that's changed is the stock's price -- shares are much cheaper now than they were a year and a half ago.
And that's your opportunity to jump in -- before the market corrects its mistake.
Source Fool.com
Shopify Inc Stock
Our community is currently high on Shopify Inc with 5 Buy predictions and 0 Sell predictions.
With a target price of 75 € there is a positive potential of 35.82% for Shopify Inc compared to the current price of 55.22 €.
