Shopify Up 85% This Year, Time to Sell the Stock?
Are we on the precipice of a new bull market?
Stocks have soared to start 2023, reversing a lot of the painful losses for investors in 2021 and 2022. Growth stocks have especially rallied, with many stocks greatly outpacing the 15% gains for the S 500 index year to date (YTD). (NYSE: SHOP) is one of these growth companies.
Shares of the e-commerce software and payments platform have popped 85% YTD, with the stock now sporting a market cap of $83.5 billion. Since the company went public in 2015, shares are up 2,200%, making it one of the top-performing stocks worldwide over that time span, especially for large-cap companies.
Source Fool.com
Shopify Inc Stock
€55.09
-0.180%
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 36.14% for Shopify Inc compared to the current price of 55.09 €.
