A Bull Market Is Coming: 1 Remarkable Growth Stock Down 64% to Buy Now and Hold Forever
The S 500 fell into a bear market early last year as economic uncertainty weighed on investor sentiment. The situation has improved very little since then. High inflation and rising interest rates contributed to a sharp slowdown in economic growth in the first quarter this year, and many experts believe the situation will culminate in a recession. But there is a silver lining for patient investors.
Bad news tends to create buying opportunities. The S 500 is still down 13%, but history says the next bull market is coming. The benchmark index has recovered from every past bear market and recession, and investors have no reason to expect a different outcome this time. But right now, (NYSE: SHOP) stock is down 64%, and trading at a discount to its historical valuation. That is a buying opportunity.
Here's what investors should know.
Source Fool.com
Shopify Inc Stock
With 6 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 70 € shows a slightly positive potential of 2.64% compared to the current price of 68.2 € for Shopify Inc.
