Shopify Puts Up 28% in a Month, Should You Invest Now?

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Shopify Puts Up 28% in a Month, Should You Invest Now?

TipRanks2022-11-27

Story HighlightsShopify stock has bounced back from its lows. However, the uncertain economic environment could continue to play spoilsport.Shopify (NYSE:SHOP)(TSE:SHOP) stock has gained about 28% in ...

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Blading23
·2022-11-28
Ok
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- Blading23:
  like
  2022-11-28
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SPOT_ON
·2022-11-28
Alibaba !!! [Love] [Love] [Love] [Love] [Love]
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2
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patrickLai
·2022-11-28
Yeah
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- patrickLai:
  ok
  2022-11-28
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ThaiGirl
·2022-11-28
Yes. U are right
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chinks29
·2022-11-28
Ok
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- 保升龙:
  ok
  2022-11-28
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YauDK
·2022-11-28
Ye ye
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- YauDK:
  Ye
  2022-11-28
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andrew123
·2022-11-28
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patricklowck
·2022-11-28
Can buy
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Doris11
·2022-11-28
Like please
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- andrew123:
  done.like back
  2022-11-28
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- Nichktan:
  Ok
  2022-11-28
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YJ Lee
·2022-11-28
Ok
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Seah CL
·2022-11-28
K
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J90
·2022-11-28
Hfindisbisns
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- Doris11:
  lkk
  2022-11-28
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DarkFate
·2022-11-28
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J1000
·2022-11-28
K
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MrHuattt
·2022-11-27
Ok
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Kiwii
·2022-11-27
hihi
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MLFL
·2022-11-27
👋
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OJC
·2022-11-27
Ok
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cmg76
·2022-11-27
Y
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VivianChua
·2022-11-27
Nice 💚 💚 💚
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However, the uncertain economic environment could continue to play spoilsport.Shopify (NYSE:SHOP)(TSE:SHOP) stock has gained about 28% in ...\n\n<a href=\"https://www.tipranks.com/news/article/shopify-nyseshop-puts-up-28-in-a-month-should-you-invest-now\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SHOP","symbol_name":"Shopify Inc","start_time":0,"source_url":"https://www.tipranks.com/news/article/shopify-nyseshop-puts-up-28-in-a-month-should-you-invest-now","article_id":"1140872243","we_media_id":null,"thumbnails":[],"rights":{"source":"lsy1606183248679","url":"https://www.tipranks.com/news/article/shopify-nyseshop-puts-up-28-in-a-month-should-you-invest-now","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=1140872243","pubTimestamp":1669522101,"sourceInfo":{"source_id":"lsy1606183248679","name":"TipRanks"},"weMediaInfo":null,"summary":"Story HighlightsShopify stock has bounced back from its lows. However, the uncertain economic enviro","collect":0,"end_time":0,"defaultTopTitle":"tipranks.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SHOP":"Shopify Inc"},"translate_title":"Shopify一个月放28%，现在该不该投资？","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SHOP":0.9},"content_text":"Story HighlightsShopify stock has bounced back from its lows. However, the uncertain economic environment could continue to play spoilsport.Shopify (NYSE:SHOP)(TSE:SHOP) stock has gained about 28% in a month. Positive developments, including the continued moderation in the inflation rate since June and indications of a slowdown in the interest rate hikes, supported SHOP stock. While Shopify stock has bounced back from the lows, an uncertain economic environment could hurt the recovery process and limit the upside.Is Shopify Stock a Buy, Sell, or Hold?Due to the uncertainty, Wall Street is cautiously optimistic about Shopify stock. Eight analysts have rated SHOP stock a Buy, and an equal number of analysts have Hold recommendations. Overall, it has a Moderate Buy consensus rating on TipRanks.Shopify’s investments to strengthen its e-commerce platform positions it well to capitalize on the digital transformation. The increased amount of gross merchandise volume processed through its payment solutions, expansion of its products in new markets, growing adoption of its POS (point-of-sale), Capital, and Market offerings, and investments to strengthen its fulfillment provide a solid base for recovery in Shopify stock.Moreover, Shopify is up against easier year-over-year comparisons in the coming quarters, implying its growth could accelerate.While Shopify stock is a solid long-term investment, near-term macro headwinds could restrict the upside. 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