Goldman Sachs Says this Oversold Stock Can Rally 30%

You gotta hear me out on this, my friends! Shopify, the e-commerce giant, is a golden opportunity.

They’re not just a platform for building online stores anymore, they’re a one-stop shop! They have payments, shipping, even financing for your business – it’s like a whole entrepreneurial support system.

Shopify (SHOP) is a global commerce company that provides essential internet infrastructure
for commerce, offering trusted tools to start, scale, market, and run a retail business of any
size. The company’s platform enables merchants to displays, manages, markets, and sells its
products through various sales channels, including web and mobile storefronts, physical retail
locations, pop-up shops, social media storefronts, native mobile apps, and buy buttons.

With a market cap of $76.2 billion, it’s an ecommerce giant!

However, over the last few weeks, it’s also been a volatile ecommerce giant. All thanks to
investor concerns about a slowdown in revenue growth estimates for its current quarter, and
the company’s struggle to sustain GAAP net profitability.

As a result, SHOP gapped from about $7.50 to a low of about $57, creating a buy opportunity,
according to Goldman Sachs. In fact, the firm just upgraded SHOP to a buy rating, noting it
could rally 30% higher. Even Cathie Wood’s Ark Invest just picked up 30,000 shares.

Plus, at current price, SHOP now trades at less than growth, with a PEG ratio of 0.83.

With more and more people shopping online, Shopify’s ridin’ that wave to growth city. So, if you’re lookin’ to invest in a company that’s got its finger on the pulse of the e-commerce future, Shopify’s a stock you need to consider.

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