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Is Trending Stock Shopify Inc. (SHOP) a Buy Now?
SHOPShopify(SHOP) Zacks Investment Research·2024-02-02 15:01

Shopify (SHOP) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this cloud-based commerce company have returned +4.5%, compared to the Zacks S&P 500 composite's +2.9% change. During this period, the Zacks Internet - Services industry, which Shopify falls in, has gained 1.2%. The key question now is: What could be the stock's future direction?Althoug ...