Shopify Stock: Buy, Sell, or Hold?
E-commerce platform company (NYSE: SHOP) has risen like a phoenix out of last year's bear market, more than doubling over the past 12 months. Improving investor sentiment toward growth stocks helped, but Wall Street applauded the company's pivot away from building a logistics service.
Abandoning such a costly endeavor makes Shopify a much lighter and more profitable business. You might wonder whether the stock is worth buying after its recent rally.
Let's take a closer look at Shopify's move away from logistics and the stock's valuation and determine whether investors should buy, sell, or hold shares.
Source Fool.com
Shopify Inc Stock
€49.25
3.230%
With 6 Buy predictions and not the single Sell prediction the community is currently very high on Shopify Inc.
As a result the target price of 70 € shows a positive potential of 42.15% compared to the current price of 49.25 € for Shopify Inc.
