Released: Nov. 28, 2023 at 11:44 a.m. ET
Piper Sandler Expert Issues Bearish Outlook on Shopify Stock
A popular expert warns that Shopify may not be able to maintain its current growth. Shopify stock has soared in 2023, but Piper Sandler’s Clarke Jeffries downgraded the stock to underperform, citing overly optimistic expectations for future growth and revenue. He believes the stock is overvalued and may not be able to sustain its impressive run.
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