1 Part of Shopify's Business Brings in 26% of Its Revenue but Also 42% of Its Profits. What Investors Need to Know
Let's be honest: Most investors love (NYSE: SHOP) stock because of how much it's gone up in the past. The company went public less than 10 years ago and is already up close to 3,000%. For perspective, $1,000 invested in Shopify stock when it went public would be worth more than $30,000 today.
For some investors, Shopify is nothing more than a stock ticker. But it's crucial to understand what a stock's underlying business does, rather than only pay attention to the movement of its ticker.
Here's one small part of Shopify's business that has an outsize impact on profits.
Source Fool.com
Shopify Inc Stock
€69.18
3.130%
Our community is currently high on Shopify Inc with 4 Buy predictions and 0 Sell predictions.
With a target price of 75 € there is a slightly positive potential of 8.41% for Shopify Inc compared to the current price of 69.18 €.
