Is Shopify Stock a Buy Now?
Investors in Shopify (NYSE: SHOP), a leading e-commerce company, have had a nerve-racking ride lately. The pandemic propelled the stock to an all-time high of $169 in 2021, but the economy's reopening brought it back to the pre-pandemic level of $24 by 2022.
Since then, Shopify's stock price has recovered to $41. Investors who missed the bottom are considering buying into the stock. But is now the best time to buy it to ride the price recovery? Let's explore this further.
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Source Fool.com