Is It Too Late to Buy Shopify Stock?
Since the initial public offering of (NYSE: SHOP) in 2015, its shares have been a stunning success -- gaining 2,100% in value. The S 500 added just 200% over that time. Is it too late to invest in this e-commerce platform? Perhaps not.
Recent volatility has provided a rare buying opportunity. Over the past 90 days, shares have lost around 25% of their value after management delivered weak guidance for the quarter ahead. If you're looking for a high-quality, high-growth business at a discount, this could be your chance.
Shopify is a terrific business. At its core, it's an e-commerce platform. But instead of operating its own marketplace like Amazon, it empowers others to build their own digital stores. By using Shopify, entrepreneurs and existing brands can begin selling online in minutes. Shopify's platform comes with everything you need to get started: design templates, inventory tools, payment processing, advertising integrations, analytics dashboards, and much more.
Source Fool.com
Shopify Inc Stock
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 30.21% for Shopify Inc compared to the current price of 57.6 €.
