3 Reasons Shopify Stock Will Continue to Move Higher After Announcing Q2 Earnings
Shopify (NYSE: SHOP) just reported its second-quarter earnings, bringing primarily good news to the company. But the report did not excite investors, and the stock fell by more than 5% in the following trading session.
Nonetheless, this e-commerce platform, which helps companies build an online presence, continues to speed ahead. As more and more product sales move online, the opportunity to capture prospective merchants should bode well for both Shopify and its investors.
Let's look at three specific reasons to be bullish about the company right now.
Source Fool.com
Shopify Inc Stock
€49.88
-7.740%
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 hugely positive potential of 50.36% for Shopify Inc compared to the current price of 49.88 €.
