Shopify's (NYSE: SHOP) stock price recently popped after reporting better-than-expected earnings last week. SHOP stock surged over 17% after the e-commerce service provider saw its sales grow by 22% from the prior-year period and reported a narrower loss. Moreover, its stock price trades at roughly 6.75x forward sales when looking 12 months out, which could seem like a bargain. However, with multiple headwinds ahead and better investments in the space, it's best to wait for a better entry point before investing in SHOP stock, as it can easily shed another 30% from here, in our opinion. Therefore, we are bearish on SHOP stock.
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Shopify (NYSE:SHOP)
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Shopify (NYSE:SHOP)
Gráfico Histórico do Ativo
De Fev 2022 até Fev 2023 Click aqui para mais gráficos Shopify.