1 Wall Street Analyst Thinks Shopify Stock Is Going to $78 Instead of $92. Is It a Buy?
Shopify(SHOP) The Motley Fool·2024-05-10 08:20
Shopify expects another quarter of double-digit growth, but will it be enough to send the stock up?Shares of Shopify (SHOP -0.45%) are trading down after the company's first-quarter earnings report. The company delivered solid growth on the top and bottom lines, with revenue beating Wall Street's consensus estimate, but it seems the quarter wasn't strong enough to justify high expectations heading into the report.Bank of America analyst Brad Sills noted the company's strong results, but a difficult macroeco ...