As Shopify Shares Soar, Is It Too Late to Buy the Stock?
Shares of Shopify (NASDAQ: SHOP) soared after the e-commerce software company reported strong results and issued upbeat guidance, saying an expected tariff effect has not materialized.
The stock is now up more than 40% year to date, and up over 180% during the past year, as of this writing.
After issuing conservative guidance last quarter, Shopify was decidedly more upbeat this time around. Meanwhile, its second-quarter results easily soared past its earlier cautious guidance. The company grew its Q2 revenue by 31% to $2.68 billion, which was well ahead of the $2.55 billion analyst consensus, as compiled by LSEG.
Source Fool.com
Shopify Inc Stock
€139.96
-0.730%
Our community is currently high on Shopify Inc with 4 Buy predictions and 0 Sell predictions.
With a target price of 145 € there is a slightly positive potential of 3.6% for Shopify Inc compared to the current price of 139.96 €.
