Why Shopify Stock Was Down This Week
Week to date, shares of (NYSE: SHOP) were down 9.6% as of 10:20 a.m. ET on Friday, according to data provided by S&P Global Market Intelligence.
The stock fell following the e-commerce company's fourth-quarter business update. Revenue grew 24% year over year in the quarter, but Wall Street investors didn't like the company's outlook for higher operating expenses, which implies lower margins than expected.
The post-earnings dip could be a good buying opportunity, as the company's quarter was solid all around. If Shopify can continue to sustain a 20% or more top-line growth rate, shareholders should see a nice return on their investment in the years to come.
Source Fool.com
Shopify Inc Aktie
54,77 €
0,13 %
Leichtes Buy-Interesse bei Shopify Inc, mit mehr Buy- als Sell-Einschätzungen.
Das von der Community festgelegte Kursziel für Shopify Inc von 75 € impliziert eine deutliche Steigerung gegenüber dem aktuellen Kurs von 54.77 €.
