Shopify Stock Plunged After Earnings. Should I Buy?
Shopify (NYSE: SHOP) stock plunged following its first-quarter earnings. While its 23% yearly revenue growth closely approximated its performance in past quarters, a forecast for lower Q2 revenue growth and a return to net losses appeared to spook investors.
Nonetheless, one can still argue that Shopify is expensive even after the pullback. This leaves investors to question whether this is a buying opportunity or whether they should hold or possibly sell some shares.
For the first quarter of 2024, Shopify reported $1.9 billion in revenue, 23% higher than the same quarter last year.
Source Fool.com
Shopify Inc Aktie
56,19 €
0,75 %
Leichte Community-Bevorzugung: Shopify Inc mit mehr Buy- als Sell-Einschätzungen.
Ein prognostiziertes Kursziel von 75 € für Shopify Inc zeigt ein Potenzial von über 20% im Vergleich zum aktuellen Kurs von 56.19 €.
