Where Will Shopify Stock Be in 3 Years?
Shopify (NYSE: SHOP) stock has given up several years of gains in just a few painful months this year. The e-commerce giant was hit by a sharp demand slowdown just after management committed to a spending plan that assumed much higher sales.
The resulting earnings slump is a key reason why shares have plummeted 80% through early October. But how bright is the long-term outlook for this leading e-commerce platform?
Let's examine whether the stock has a good chance of rebounding once the current economic volatility passes.
Source Fool.com
