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-0.000774734807980684 -0.00166435424528166 -0.00160543905075833 -0.0017409439981618 -0.00487523234679845 -0.00169086608281702 -0.00344948463933592 0.0018234252704944
Stock impact report

Is Shopify Stock a Buy in 2024? [Yahoo! Finance Canada]

MercadoLibre, Inc. (MELI) 
Last mercadolibre, inc. earnings: 2/10 04:01 pm Check Earnings Report
The recent wave of market volatility (mostly centred on tech) has made Shopify TSX:SHOP ) stock a tad cheaper. Undoubtedly, the recent 2024 pullback is just a blip compared to the great implosion of early 2022. That said, I still think growth-centric investors should continue to stand by the name as it looks to make a strong case for why it's one of Canada's most promising innovators. Indeed, digital retail is not an easy place to be in. Still, Shopify has found a way to continue to post impressive growth prospects. As the firm looks to enhance its margins without taking its foot off the sales growth pedal, I think Shopify stock has a runway back to all-time highs. ADVERTISEMENT At the time of writing, shares are just down over 50% from their highs. Though such highs were out of reach back in the depths of 2022, I wouldn't be surprised if they were eclipsed in as little as three years, assuming the company gets generative artificial intelligence (AI) right. Citi is a fan of S Show less Read more
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