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Shopify Stock Earnings: When a Double Beat Isn't Enough Anymore

TheMotleyFool

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Shopify Stock Earnings: When a Double Beat Isn't Enough Anymore: https://g.foolcdn.com/editorial/images/742493/shopify.png

In this video, I will cover 's (NYSE: SHOP) second-quarter earnings report, which beat on the top and bottom lines. I'll explain why this wasn't enough to push the stock higher.

*Stock prices used were from the trading day of Aug. 2, 2023. The video was published on Aug. 2, 2023.

Source Fool.com

Shopify Inc Stock

The Shopify Inc stock is trending slightly upwards today, with an increase of €0.63 (0.950%) compared to yesterday's price.
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 slightly positive potential of 11.91% compared to the current price of 67.02 € for Shopify Inc.

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