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Shopify Stock Is Down 73%. Is Now the Time to Go All In?

TheMotleyFool

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Shopify Stock Is Down 73%. Is Now the Time to Go All In?: https://g.foolcdn.com/editorial/images/727973/shop.png

In this video, I will talk about Shopify (NYSE: SHOP), which is still down 73% from its all-time highs. Despite that, the company is still trading at 9.5 times sales, which is not cheap in the current environment. But one could make the case that it is a stock to buy and hold forever.

*Stock prices used were from the trading day of April 10, 2023. The video was published on April 12, 2023.

Source Fool.com

Shopify Inc Stock

Shopify Inc gained 0.280% compared to yesterday.
Our community is currently high on Shopify Inc with 5 Buy predictions and 0 Sell predictions.
With a target price of 75 € there is a positive potential of 29.15% for Shopify Inc compared to the current price of 58.07 €.

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