Is Shopify's Stock Heading Back to $100?
In just the past month, shares of Shopify (NYSE: SHOP) have surged more than 50%, making it one of the hottest investments to own lately. The company has been trimming its costs over the years, and with consumer spending still looking strong and resilient, the e-commerce stock has been benefiting from multiple positive developments.
Is it only a matter of time before the shares get back to $100?
Shopify is a top e-commerce stock to own and its performance relies heavily on the state of the economy. And right now, economic conditions still look strong.
Source Fool.com
Shopify Inc Stock
Currently there is a rather positive sentiment for Shopify Inc with 5 Buy predictions and 1 Sell predictions.
As a result the target price of 75 € shows a slightly positive potential of 10.25% compared to the current price of 68.03 € for Shopify Inc.