Shopify Stock: Buy the Dip?

By Parkev Tatevosian, CFA – Feb 20, 2024 at 5:15AM

NYSE: SHOP

Shopify

Market Cap

$92B

Today's Change

(1.11%) $0.78

Current Price

$71.33

Price as of April 26, 2024, 4:00 p.m. ET

Shopify's stock price dipped following disappointing earnings results.

Fool.com contributor Parkev Tatevosian reviews Shopify's (SHOP 1.11%) latest earnings results and answers if the stock is a buy.

*Stock prices used were the afternoon prices of Feb. 17, 2024. The video was published on Feb. 19, 2024.

Parkev Tatevosian, CFA 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.

Parkev Tatevosian 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.