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Shopify reported a double beat, but that wasn't enough to push the stock higher. Is Shopify stock a buy now?
In this video, I will cover Shopify's (SHOP 3.42%) second-quarter earnings report, which beat on the top and bottom lines. I'll explain why this wasn't enough to push the stock higher.
*Stock prices used were from the trading day of Aug. 2, 2023. The video was published on Aug. 2, 2023.
Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Shopify. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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