Shopify's Stock Blitzes on Com

1 day ago GuruFocus

An isolated case suggests that Shopify's price increases could add value to its income statement, assuming its product demand is sustained. Based on Wednesday's share price action, Shopify's latest price hikes have been interpreted in a bullish fashion by the financial markets. In particular, Wall Street analysts and independent research analysts think Shopify's stock will be much sought-after during 2023. A bird's-eye view reveals analysts are optimistic about Shopify's product range and think the stock is severely undervalued after its sharp selloff last year. Concluding thoughtsShopify's stock has surged amid news the company will raise its product prices.
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