Is Shopify Stock a Buy Now?
When companies undergo a transformation, investors need to reanalyze the business to see if it's improved or gotten worse. For Shopify (NYSE: SHOP), it has clearly changed for the better after it spun off its highly unprofitable logistics business.
Now that Shopify has returned to its roots and is focusing on its software and payment processing products, its results have improved. But is it enough to make the stock a buy?
Shopify equips small and medium-sized businesses with the tools and resources to compete against many e-commerce giants. With tools to create a website, manage inventory, ship products, and process payments, anyone can launch an online store for just $39 per month.
Source Fool.com
Shopify Inc Stock
€53.90
-5.340%
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 39.15% compared to the current price of 53.9 € for Shopify Inc.
