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Why Is Shopify Stock Plummeting After Earnings?

TheMotleyFool

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Why Is Shopify Stock Plummeting After Earnings?: https://g.foolcdn.com/editorial/images/776433/shop.jpg

In this video, I will cover 's (NYSE: SHOP) first-quarter earnings report, which beat on the top and bottom lines, but that wasn't enough to satisfy the market.

*Stock prices used were from the trading day of May 7, 2024. The video was published on May 8, 2024.

Source Fool.com

Shopify Inc Stock

Heavy losses for Shopify Inc today as the stock fell by -€2.760 (-4.370%).
With 6 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 80 € shows a positive potential of 32.36% compared to the current price of 60.44 € for Shopify Inc.

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