6 Reasons to Buy Shopify Stock Like There's No Tomorrow
(NYSE: SHOP) is one of the world's largest e-commerce platforms. Using the company's software and services ecosystem, virtually any person or company can open an online store. It's getting harder to call the company a hidden gem -- the stock is worth nearly $90 billion and has been public for almost a decade. That said, Shopify has fallen out of favor with investors over the past few years.
The stock peaked in 2022 thanks to pandemic-fueled growth, but it has tumbled over 60% since then.
As bearish as the situation might seem, here are six reasons to buy Shopify stock like there's no tomorrow.
Source Fool.com
Shopify Inc Stock
Our community is currently high on Shopify Inc with 5 Buy predictions and 1 Sell predictions.
With a target price of 75 € there is a slightly positive potential of 11.31% for Shopify Inc compared to the current price of 67.38 €.