Better Cathie Wood Stock: Roku vs. Shopify
Roku (NASDAQ: ROKU) and (NYSE: SHOP) are two of Cathie Wood's favorite long-term holdings. The famed growth investor's flagship exchange-traded fund, the Ark Innovation ETF, holds Roku as its second-largest position (7.99% of its portfolio) and Shopify as its eighth-largest position (4.55%).
Both companies grew rapidly throughout the pandemic as consumers watched more streaming videos on Roku's devices and did more online shopping through Shopify-powered storefronts. But they both faced tough post-pandemic slowdowns as those tailwinds dissipated, and rising interest rates exacerbated that pressure by driving investors away from higher-growth stocks.
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Source Fool.com
Shopify Inc Stock
€55.75
-0.040%
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 positive potential of 34.53% for Shopify Inc compared to the current price of 55.75 €.
