Why Shopify Stock Skyrocketed Last Week
(NASDAQ: SHOP) notched explosive gains over the past week of trading, thanks to a very strong quarterly report. The e-commerce specialist's share price surged 26.2% higher across the stretch. Over the same period, the S 500 rose 2.4%, and the Nasdaq Composite jumped 3.9%.
Shopify published its Q2 results before the market opened on Aug. 6, and the report arrived with a substantial sales beat that helped power big gains for the stock. The company's share price is now up roughly 41% year to date.
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Source Fool.com
Shopify Inc Stock
€134.90
-0.820%
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 7.49% compared to the current price of 134.9 € for Shopify Inc.
