Is Shopify a Buy Now?
This year, the Nasdaq Composite Index has risen by 37% (as of Dec. 8), which is an outstanding gain, especially after the huge decline in 2022.
However, some businesses, like (NYSE: SHOP), have rewarded investors even more. Its shares have more than doubled in 2023 amid a resurgence in growth-tech stocks.
After the price has skyrocketed so much in such a short period of time, is this top e-commerce stock worth adding to your portfolio right now? Let's take a closer look at what investors need to know before deciding.
Source Fool.com
Shopify Inc Stock
€64.92
5.130%
With 6 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 80 € shows a positive potential of 23.23% compared to the current price of 64.92 € for Shopify Inc.
