Is It Time to Buy the Dip in Shopify Stock?
Volatility in the stock of e-commerce software company Shopify (NYSE: SHOP) has struck again. Investors seem to be fretting over two things: a slowdown in revenue growth predictions for the spring 2024 quarter and the company's inability to sustain net profitability per generally accepted accounting principles (GAAP).
Under the surface, though, Shopify might be a great buy-the-dip candidate. Here's why.
As a reminder, Shopify reports its business in two primary segments: subscription solutions (the base website design and management software tools) and merchant solutions (value-added services like digital payments acceptance and shipping).
Source Fool.com
Shopify Inc Stock
€68.03
1.630%
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 10.25% for Shopify Inc compared to the current price of 68.03 €.
