Is Shopify Stock a Buy Now?
Although the S 500 is up 13% so far this year, many consumer goods and retail companies are struggling under the weight of inflation, and the Federal Reserve said it might raise interest rates even higher to counteract it.
(NYSE: SHOP) provides business-to-business e-commerce services, but it's impacted by consumer spending at its millions of merchant clients. In the short term, it will likely continue to experience some pressure due to economic headwinds. But its long-term story looks compelling.
Is it a stock to buy now? Let's examine the case.
Source Fool.com
Shopify Inc Stock
€67.14
1.860%
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 11.71% for Shopify Inc compared to the current price of 67.14 €.
