Why Shopify Stock Was Up 124% Last Year
Shares of e-commerce software company Shopify (NYSE: SHOP) were up 124.4% in 2023, according to data provided by S&P Global Market Intelligence. This handily outpaced the 24% gain for the S&P 500.
Distilling an entire year into a succinct narrative to explain Shopify's outperformance is challenging. However, the chart below shows that some of biggest gains for Shopify stock came in May and November. And this helps investors narrow things down to just the most relevant news.
Source Fool.com
Shopify Inc Stock
€54.80
0.310%
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 36.86% compared to the current price of 54.8 € for Shopify Inc.
