Is the New-Look Shopify a Buy Now?
's (NYSE: SHOP) business has undergone several iterations over the past few years. While it started as a tool to give businesses of all sizes e-commerce access, it quickly morphed into an all-encompassing solution, including logistics and digital payment processing. In June, Shopify announced it was selling its logistics division to Flexport, reversing many decisions that significantly expanded its reach.
A few days ago, we got our first look into the next iteration of Shopify, and the results were fantastic. But is this new-look Shopify worth buying? Let's find out.
Logistics is a cost-intensive business. While Shopify's roots indicated it was a high-margin software company, product warehouses, and the robots inside of them aren't cheap and don't provide nearly the return on capital of other investments.
Source Fool.com
Shopify Inc Stock
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 35.6% compared to the current price of 55.31 € for Shopify Inc.
