Is Shopify's Valuation Justified?
Since launching its initial public offering (IPO) in 2015, Shopify (NASDAQ: SHOP) has garnered attention for its ease of use and rapid transaction processing. The stock continued to grow as the company expanded its e-commerce ecosystem, elevating its valuation.
Concerns about its earnings multiple persist. Investors should take a closer look at its valuation metrics to see if they can build a case for buying Shopify stock.
Image source: Getty Images.
Source Fool.com
Shopify Inc Stock
€134.32
-1.230%
Our community is currently high on Shopify Inc with 4 Buy predictions and 0 Sell predictions.
With a target price of 145 € there is a slightly positive potential of 7.95% for Shopify Inc compared to the current price of 134.32 €.
