Is Shopify Stock Going Back to $90? 1 Wall Street Analyst Thinks So.
Shopify(SHOP) The Motley Fool·2024-05-09 15:54
Shopify just plunged on earnings, but one analyst sees a lot of upside ahead.There's no sugarcoating it. Shopify (SHOP -0.77%) got clobbered after releasing its earnings report on Wednesday.The e-commerce software superstar posted solid first-quarter results, but its guidance for the second quarter was a bit light of what Wall Street expected, and investors responded by doing what they do to growth stocks that miss expectations. The stock plunged roughly 20%.However, one Wall Street firm reaffirmed its bull ...