1 Growth Stock Down 65%: Is It a Once-in-a-Generation Investment Right Now?
With the Nasdaq Composite Index in record territory, you might be thinking that most stocks are also near their all-time highs. But this just isn't the case.
Take (NYSE: SHOP). As of May 15, the leading e-commerce platform's shares are currently 65% below their peak, which was established in November 2021. It doesn't help that Wall Street hasn't been pleased with the company's recent financial updates.
Does this discount make Shopify a once-in-a-generation investment opportunity right now?
Source Fool.com
Shopify Inc Stock
€54.53
0.810%
Currently there is a rather positive sentiment for Shopify Inc with 4 Buy predictions and 0 Sell predictions.
As a result the target price of 75 € shows a positive potential of 37.54% compared to the current price of 54.53 € for Shopify Inc.
