Shopify Stock Will Hit $200 Soon, Here's Why

Shopify TodaySHOPShopify$154.90 +27.90 (+21.97%) 52-Week Range$63.55▼$156.39P/E Ratio99.94Price Target$120.74Add to WatchlistShopify NYSE: SHOP stock appears well-positioned to reach $200, following better-than-expected Q2 earnings that reaffirmed its accelerating growth trajectory. The e-commerce company's results and forward guidance suggest that long-term analyst forecasts may be underestimating its potential, presenting an attractive opportunity for investors. Trading at roughly 90x the current year es ...