Fool.com contributor Parkev Tatevosian evaluates Shopify (SHOP +3.77%) stock and answers if it has more room to run in 2024.
*Stock prices used were the afternoon prices of Jan. 12, 2024. The video was published on Jan. 14, 2024.
Up 124% in 2023, Is Shopify Stock a Buy for 2024?
The e-commerce enabler made a substantial strategic mistake but managed to bounce back from the consequences.
By Parkev Tatevosian, CFA – Jan 16, 2024 at 5:00AM EST
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About the Author
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.
Stocks Mentioned
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.