These 2 Incredible Stocks Just Went on Sale – Here's Why You Should Take a Closer Look
We're almost finished with the first quarter's earnings season, and there have been quite a few surprises -- some to the upside and some to the downside. When it comes to the latter, there's a difference between deteriorating business fundamentals and producing weaker-than-expected results because of temporary headwinds.
With that in mind, here are two excellent examples of companies facing temporary issues whose stocks plunged after their first quarter earnings reports.
One common theme we've seen this earnings season is companies reporting strong first quarter numbers, but issuing weak forward guidance that causes the stock to drop. And that's exactly what happened with e-commerce platform Shopify (NYSE: SHOP).
Source Fool.com
Shopify Inc Stock
€54.77
0.130%
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 36.94% compared to the current price of 54.77 € for Shopify Inc.
