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Up 124% in 2023, Is Shopify Stock a Buy for 2024?

TheMotleyFool

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Up 124% in 2023, Is Shopify Stock a Buy for 2024?: https://g.foolcdn.com/editorial/images/761364/shop.jpg

Fool.com contributor Parkev Tatevosian evaluates (NYSE: SHOP) stock and answers if it has more room to run in 2024.

*Stock prices used were the afternoon prices of Jan. 12, 2024. The video was published on Jan. 14, 2024.

Source Fool.com

Shopify Inc Stock

We can see a decrease in the price for Shopify Inc. Compared to yesterday it has lost -€0.970 (-1.670%).
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 31.35% compared to the current price of 57.1 € for Shopify Inc.

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