Why Shopify Stock Just Exploded Higher
Shopify (NASDAQ: SHOP) stock soared 22% through 9:45 a.m. Wednesday after reporting stronger-than-expected Q2 sales this morning.
Instead of the $2.55 billion Wall Street was expecting, Shopify collected $2.68 billion in revenue in Q2, helped by strong "gross merchandise volume" (GMV) facilitated by its software -- $87.84 billion.
Image source: Getty Images.
Source Fool.com
Shopify Inc Stock
€144.02
4.580%
Our community is currently high on Shopify Inc with 4 Buy predictions and 0 Sell predictions.
With a current price of 144.02 € Shopify Inc is right around the predicted target price of 145 €.
