Shopify Stock: Bull vs. Bear
Shopify (NYSE: SHOP) has been one of the top stocks on the market over the past decade as it's established itself as the clear leader in e-commerce software, challenging Amazon along the way as few other companies have.
However, Shopify stock crumbled in the 2022 bear market. The blistering growth it experienced during the pandemic faded, like the rest of the e-commerce sector, and it reckoned with poor strategic decisions like its acquisition of Deliverr, which it later sold off.
Shopify continues to grow, but the stock does seem to have lost some of its luster. Is the e-commerce disruptor worth buying today? To answer that question, we asked a bull and a bear to weigh in on the stock. First we hear the bull case.
Source Fool.com
Shopify Inc Stock
€55.45
1.190%
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 35.26% compared to the current price of 55.45 € for Shopify Inc.
