Here's Why I'm Buying This Stock-Split Stock Hand Over Fist
Sometimes you have to admit your mistake and move on. That's exactly what Shopify (NYSE: SHOP) management did when it sold its shipping logistics division business earlier this year. While it parted with that business at a loss, the transformation since that decision has been remarkable.
Since splitting its stock in June 2022, Shopify's stock still hasn't regained the levels it was at before the split. But I wouldn't be surprised if the new and improved Shopify can start clawing its way back to a new all-time high of $170.
Shopify's mission is to make commerce better for everyone. Namely, it gives the little-to-medium guy a chance to fight in the e-commerce battle even while other industry giants have superior resources. By deploying Shopify's products, small and medium-sized businesses can go toe-to-toe with larger competitors and not be outclassed.
Source Fool.com
Shopify Inc Stock
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 35.89% compared to the current price of 55.19 € for Shopify Inc.
