A Bull Market Could Be Here: 3 Reasons to Buy Shopify Stock
With the Nasdaq Composite index up 36% in 2023 (as of Nov. 28), bullish sentiment appears to have taken over Wall Street. Some growth tech stocks, though, have fared even better.
Take a look at (NYSE: SHOP). The e-commerce infrastructure service provider has seen its shares skyrocket 112% this year. That gain has been bolstered by strong fundamental performance.
While the Nasdaq might be in bull market territory, Shopify is doing even better. Here are three reasons investors might want to buy the stock right now.
Source Fool.com
Shopify Inc Stock
€55.92
1.320%
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 34.12% for Shopify Inc compared to the current price of 55.92 €.
