Shopify stock plunged after reporting Q4 2023 earnings, as guidance for Q1 2024 came in light. Over the past year, the stock has dipped several times, and each time has proven a good buying ...
Shopify remains a buy with a $124 price target, implying 18% upside, driven by robust GMV growth and expanding Shopify Payments penetration as it expands its merchant types across geographies.