Why Shopify Stock Just Exploded Higher
Shopify (NASDAQ: SHOP) stock soared 22% through 9:45 a.m. Wednesday after reporting stronger-than-expected Q2 sales this morning.
Instead of the $2.55 billion Wall Street was expecting, Shopify collected $2.68 billion in revenue in Q2, helped by strong "gross merchandise volume" (GMV) facilitated by its software -- $87.84 billion.
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Source Fool.com
Shopify Inc Stock
€107.78
-4.470%
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 10.41% compared to the current price of 107.78 € for Shopify Inc.
