Shopify Stock Plunges on Disappointing Guidance. Is This a Great Buying Opportunity?
Shares of (NYSE: SHOP) sank after the e-commerce software company posted solid first-quarter results, but issued disappointing guidance.
Let's dive into the company's most recent results and guidance to see if investors should buy the dip. The stock is now down about 20% year to date.
Despite the stock's reaction, Shopify turned in some pretty solid first-quarter results. The company grew its revenue 23% to $1.9 billion, or by 29% when adjusting for the sale of its logistics business.
Source Fool.com
Shopify Inc Aktie
55,77 €
1,66 %
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 55.77 €.
