Artificial Intelligence (AI) Could Send This Stock Higher Even After Terrific Gains This Year
(NYSE: SHOP) stock has been in fine form in 2023 with an impressive gain of 77% as of this writing. And a significant chunk of that gain arrived following the release of the company's third-quarter results on Nov. 2.
Shares of the Canada-based e-commerce platform provider lost steam in October as investors were concerned about how the company's Q3 results may look.
However, Shopify's performance last week boosted investors' sentiments, as the stock is up almost 24% since releasing its results. Let's see why that was the case before focusing on a key catalyst that could help Shopify sustain its hot stock market run in the future as well.
Source Fool.com
Shopify Inc Stock
€55.31
0.510%
Currently there is a rather positive sentiment for Shopify Inc with 5 Buy predictions and 0 Sell predictions.
As a result the target price of 75 € shows a positive potential of 35.6% compared to the current price of 55.31 € for Shopify Inc.
