Shopify Stock Is Down This Year. Should Shareholders Be Worried?
(NYSE: SHOP) has been impressing investors with its continued high growth along with effectively bringing down expenses. Investors had been pushing up Shopify's share price because they've been confident that Shopify could make that happen. It operates an excellent business with tons of opportunity, and once it straightens out its costs, it looks like it could be unstoppable.
However, despite excellent fourth-quarter results full of the progress investors were looking for, Shopify stock has been a mediocre performer so far in 2024. In fact, it's actually slightly down right now. Should investors be worried?
Shopify does a lot more than offer e-commerce web packages for small businesses. It provides a large range of services that help its clients succeed, and it targets businesses of all sizes. It made that pivot by becoming a full e-commerce platform, where any business can find some kind of product that can boost its sales.
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 35.89% compared to the current price of 55.19 € for Shopify Inc.
