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
€134.32
-1.230%
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 145 € shows a slightly positive potential of 7.95% compared to the current price of 134.32 € for Shopify Inc.
