Why Shopify Stock Is Rising Today
Shares of the e-commerce platform company (NASDAQ: SHOP) were rebounding today after stumbling on Friday after a weaker-than-expected jobs report. Investors regained some of their optimism for the company today, as the European Union says it's delaying some retaliatory tariffs on the U.S. for six months.
Shopify investors are closely watching for any positive economic news as they prepare for the company's Q2 earnings report due out on Wednesday. Shopify stock was up by more than 5% this morning and had gained 4.8% as of 11:29 a.m. ET.
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Source Fool.com
Shopify Inc Stock
€107.76
-0.130%
With 0 Sell predictions and 2 Buy predictions the community sentiment towards the Shopify Inc stock is not clear.
As a result the target price of 119 € shows a slightly positive potential of 10.43% compared to the current price of 107.76 € for Shopify Inc.
