Shopify Inc. (NYSE:SHOP) (TSE:SH) stock has risen by over 60 percent since the start of 2019. The e-commerce platform provider’s share price has been on an upward trend in recent years, as more and more businesses move online.
The company’s strong financial performance in recent quarters has also helped to boost its stock price.
Shopify’s share price is expected to continue to rise in the future, as the company continues to grow its customer base and expand its product offerings. The company’s recent acquisition of warehouse management system provider, ShipBob, is expected to further boost its growth. Shopify is also expected to benefit from the growing trend of consumers shopping online.
Is Shopify Stock Expected to Rise?
Yes, Shopify stock is expected to continue to rise in the future as the company continues to grow its customer base and expand its product offerings.