Shopify Stock: Buy, Sell, or Hold?
If you opened this article to read, the odds are good that you want to know what to do with (NYSE: SHOP) stock. At the moment, the stock is up 75% year to date. For some investors, this is a sign to sell, since it's already had a good run-up. For others, this is a buy signal because things must be improving and shares still have a long way to go before reaching a new all-time high.
Too often, investors only look at the stock's price performance to decide what they should do. This article will take a different approach, looking at where Shopify stock is headed based on the business and the valuation. Hopefully, it will provide a better idea of whether Shopify stock is a buy, sell, or hold.
On Nov. 2, Shopify reported financial results for the third quarter of 2023 and the stock price jumped on the news. It's safe to assume the market was impressed with something in the report. And this might be a clue to what investors should pay attention to.
Source Fool.com
Shopify Inc Stock
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 42.86% compared to the current price of 52.5 € for Shopify Inc.
