3 Reasons to Buy Shopify Like There's No Tomorrow
(NYSE: SHOP) stock is not cheap. Shares have rallied in the past year and are sitting near a post-pandemic high. There are certainly less expensive options in the e-commerce space as a result, including investments like eBay (NASDAQ: EBAY) and Amazon.
Don't let its elevated valuation scare you away from this stellar business, though. There's plenty of room for Shopify to be a positive force in most investors' portfolios. Here are the top reasons why.
It hasn't been easy for many e-commerce specialists to boost sales in the post-pandemic period as consumers shifted demand away from previously popular merchandise categories. Etsy (NASDAQ: ETSY) and eBay reported flat or declining sale volumes for 2023, for example. Costco only recently announced rebounding growth in its digital segment as well.
Source Fool.com
Shopify Inc Stock
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 €.
