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Recently, Zacks.com users have been paying close attention to Shopify (SHOP). This makes it worthwhile to examine what the stock has in store.
Shopify Inc (NYSE: SHOP) is in the green at writing after a Morgan Stanley analyst issued a bullish note in its favour. Shopify stock could climb to $85 Keith Weiss upgraded the eCommerce giant this morning to “overweight” and raised his price target to $85 which suggests another 20% upside from here.
Tech stocks have dominated for the better part of the past two decades. Much of this recent growth has been fueled by the recent surge of interest in AI.
Despite a volatile ride, shares of Shopify have crushed the Nasdaq Composite. The e-commerce platform provides valuable products and services for its customers.
Shopify (SHOP) reachead $69.41 at the closing of the latest trading day, reflecting a +1.03% change compared to its last close.
Shopify's growth is back, but profit has been elusive lately. Positive cash flow trends point to an earnings rebound in 2024.
When stocks maintain sales growth and returns on invested capital over long periods, they can be tremendous compounders. Let's discuss some stocks for life-changing returns with multibagger potential.
Shopify (SHOP) reachead $71.57 at the closing of the latest trading day, reflecting a -0.57% change compared to its last close.
Zacks.com users have recently been watching Shopify (SHOP) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Amazon remains a fast-growing stock thanks to its ancillary businesses. Shopify has returned to profitability after selling its logistics business.