SHOP - 1 Growth Stock Down 65%: Is It a Once-in-a-Generation Investment Right Now?
2024-05-19 12:05:00 ET
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 Shopify (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?
For further details see:
1 Growth Stock Down 65%: Is It a Once-in-a-Generation Investment Right Now?