Why Shopify Stock Jumped Today
Shares of e-commerce platform company Shopify (NASDAQ: SHOP) rose rapidly today on news that China and the U.S. are ratcheting down their trade war. Shopify's e-commerce technology is used by small businesses and large companies alike, so any slowdown to the economy because of tariffs would likely impact Shopify's business.
Shopify stock was up by 11.4% as of 11:02 a.m. ET.
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Source Fool.com
Shopify Inc Stock
€101.54
-4.090%
The community is currently still undecided about Shopify Inc with 2 Buy predictions and 0 Sell predictions.
With a target price of 119 € there is a slightly positive potential of 17.2% for Shopify Inc compared to the current price of 101.54 €.
