Shopify's Earnings Contained Some Pleasant Surprises, but Did They Make the Stock a Buy?
The e-commerce landscape is dominated by behemoths like Amazon and Walmart. However, there are a number of rising players that have made inroads. One of them is (NYSE: SHOP). If you have ever clicked on an advertisement on Facebook or Instagram and subsequently made a purchase, chances are you've checked out using Shopify.
During the COVID-19 pandemic, Shopify boomed in popularity. It's no secret that the pandemic was a catalyst for online shopping and the creation of side hustles (monetizing a hobby). During this period, Shopify's offering was in high demand, and subsequently, the financial profile of the company seemingly changed overnight.
It should be noted that Shopify's infrastructure is designed for businesses of all sizes, and not just small or medium businesses (SMBs). For example, Tesla uses Shopify as does PepsiCo, LVMH Moet Hennessy Louis Vuitton, and Nestle.
Source Fool.com
Shopify Inc Stock
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 35.89% for Shopify Inc compared to the current price of 55.19 €.
