Shopify Stock Soars to New High -- 5 Metrics Driving It Higher
It was just over six months ago when I wrote about Shopify's (NYSE: SHOP) mind-boggling 200% rise in just 12 months. Now the e-commerce platform company's stock has climbed 89% higher. It's been on an absolute tear, up a wild 363% since the beginning of 2016.
With Shopify stock hitting new highs again this week, it's a good time to look at some of the metrics driving so much optimism. Five metrics, in particular, stand out as key factors behind the company's success recently.
Shopify e-commerce platform. Image source: Shopify.
Source: Fool.com
Shopify Inc Stock
€54.40
0.700%
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 37.87% compared to the current price of 54.4 € for Shopify Inc.
