Is Shopify Stock a Buy Now?
(NYSE: SHOP) just cleaved off about 20% of its business, and Wall Street couldn't be happier.
The company in early May announced that it is selling off its logistics segment so that management can focus more on the platform's core growth mission. Shopify also announced first-quarter results along with an updated outlook for the 2023 fiscal year.
Let's take a closer look at these shifts, and whether they make the stock an obvious buy following the recent share price surge.
Source Fool.com
Shopify Inc Stock
€55.72
0.740%
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 34.6% compared to the current price of 55.72 € for Shopify Inc.
