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
€137.80
-0.720%
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 145 € shows a slightly positive potential of 5.22% compared to the current price of 137.8 € for Shopify Inc.
