Why You're Smart to Buy Shopify Inc. (US) -- Despite Citron's Report
If you're a shareholder of Shopify (NYSE: SHOP), you're no doubt familiar with the story line right now. Infamous short-seller Andrew Left and his Citron Research released a scathing report on the company, sending shares down by as much as 20%.
Left's thesis is that the company employs a group of affiliates to sign people up with Shopify's e-commerce solutions. He documented how some of these affiliates have used questionable tactics in signing people up, including promises of being a millionaire.
A version of what Andrew Left is alleging. Image source: Getty Images.
Source: Fool.com
Shopify Inc Stock
€54.02
0.670%
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 75 € shows a positive potential of 38.84% compared to the current price of 54.02 € for Shopify Inc.
