Is Shopify's Stock Heading Back to $100?
In just the past month, shares of Shopify (NYSE: SHOP) have surged more than 50%, making it one of the hottest investments to own lately. The company has been trimming its costs over the years, and with consumer spending still looking strong and resilient, the e-commerce stock has been benefiting from multiple positive developments.
Is it only a matter of time before the shares get back to $100?
Shopify is a top e-commerce stock to own and its performance relies heavily on the state of the economy. And right now, economic conditions still look strong.
Source Fool.com
Shopify Inc Stock
€56.37
0.090%
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 33.05% compared to the current price of 56.37 € for Shopify Inc.
