Is It Too Late to Buy Shopify Stock?
(NYSE: SHOP) investors are hoping for a sweet Valentine's Day present this year. The e-commerce platform provider is set to announce its Q4 results after the market closes on Feb. 13, likely making the next trading day a volatile one for the stock.
Expectations could hardly be higher for Shopify's business. Share prices have nearly doubled in the past 12 months on encouraging signs of accelerating sales trends and a shrinking expense burden. Wall Street is hoping that these factors will pave the way for an end to its recent net losses as profitability jumps in 2024 and beyond.
But are investors still getting a good deal by purchasing Shopify stock today? Let's take a closer look.
Source Fool.com
Shopify Inc Stock
€56.32
0.810%
Currently there is a rather positive sentiment for Shopify Inc with 4 Buy predictions and 0 Sell predictions.
As a result the target price of 75 € shows a positive potential of 33.17% compared to the current price of 56.32 € for Shopify Inc.
