Is It Too Late to Buy Shopify Stock?
Investing in Shopify (NYSE: SHOP) stock could bring unexpected challenges at its current stage. Although the stock price peaked more than three years ago, it trades at a discount of more than 60% from that 2021 high, implying it is not too late to buy.
Conversely, the bull market in 2021 took stocks to levels not justified by the underlying businesses, an indication that the all-time high is not a suitable benchmark. Additionally, it has nearly tripled from its bear market low in 2022, indicating that the stock may have grown beyond its fundamentals.
With the price of nearly $70 per share as of the time of this writing, are investors too late, or is now the time to add Shopify shares?
Source Fool.com
Shopify Inc Stock
€72.27
1.490%
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 slightly positive potential of 3.78% for Shopify Inc compared to the current price of 72.27 €.
