SHOP - 3 Reasons Shopify Stock Will Continue to Move Higher After Announcing Q2 Earnings
2023-08-08 10:15:00 ET
Shopify (NYSE: SHOP) just reported its second-quarter earnings, bringing primarily good news to the company. But the report did not excite investors, and the stock fell by more than 5% in the following trading session.
Nonetheless, this e-commerce platform, which helps companies build an online presence, continues to speed ahead. As more and more product sales move online, the opportunity to capture prospective merchants should bode well for both Shopify and its investors.
Let's look at three specific reasons to be bullish about the company right now.
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3 Reasons Shopify Stock Will Continue to Move Higher After Announcing Q2 Earnings