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Is Shopify Stock a Buy on the Dip?

TheMotleyFool

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Is Shopify Stock a Buy on the Dip?: https://g.foolcdn.com/editorial/images/777017/shop.jpg

Fool.com contributor Parkev Tatevosian explains why (NYSE: SHOP) stock is down and lets you know if that's a buying opportunity.

*Stock prices used were the afternoon prices of May 9, 2024. The video was published on May 11, 2024.

Source Fool.com

Shopify Inc Stock

We can see a decrease in the price for Shopify Inc. Compared to yesterday it has lost -€0.560 (-1.020%).
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 38.35% compared to the current price of 54.21 € for Shopify Inc.

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