Where Will Shopify Stock Be in 5 Years?
While E-commerce has lost some of its luster to newer hype cycles like generative artificial intelligence (AI), it is still one of the most transformational technology megatrends in our lifetime. And (NYSE: SHOP) offers investors exposure to the small business side of the equation through its storefront creation platform.
Let's dig deeper into what the next five years could have in store for the company.
Like many online-focused companies, Shopify's business and stock price boomed during the COVID-19 pandemic, with the latter hitting an all-time high of $169 in late 2021 (stock split adjusted). At the time, more small businesses were signing up for Shopify's platform to meet surging stay-at-home demand for goods and services. But eventually, a combination of slowing growth, rising interest rates, and inflation made the market sour.
Source Fool.com
Shopify Inc Stock
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.
