Where Will Shopify Stock Be in 5 Years?
It's been a tough past couple of years for (NYSE: SHOP). While the e-commerce platform provider was all the rage in 2020 and 2021 when the pandemic sent the world online to do most of its shopping, that swell of growth was a tough act to follow. Despite being up from last October's lows, Shopify stock is also still trading down 70% from its late-2021 peak.
The stock's recent poor performance is not due to corporate failure. As the legendary investor Benjamin Graham said, "In the short run, the market is a voting machine, but in the long run, it's a weighing machine."
From early 2020 to now, the market has been voting on Shopify shares based on emotions and assumptions -- first bullishly, then bearishly. With the pandemic-prompted volatility finally starting to settle, now look for the market to begin accurately weighing this stock's true value.
Source Fool.com
Shopify Inc Stock
Our community is currently high on Shopify Inc with 5 Buy predictions and 1 Sell predictions.
With a target price of 75 € there is a slightly positive potential of 11.81% for Shopify Inc compared to the current price of 67.08 €.
