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These 2 growth stocks have earned their place in famous investor Cathie Wood’s flagship Ark Innovation ETF, and Wall Street analysts rushed to raise their price targets after earnings. But are these names a good buy right now?

E-commerce major Shopify (SHOP) reported better-than-expected earnings and revenue during the third quarter. The stock has run up more than 70% year-to-date. Is the stock still a buy, or will it be wise to avoid it until it reaches a lower valuation? Read on to learn my view….

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New signups and price increases of its services boosted Shopify’s (SHOP) earnings and revenue in the second quarter. However, its prospects look bleak due to the uncertain macroeconomic conditions and increased competition. Internet stocks VeriSign (VRSN), Perion Network (PERI), and Liquidity Services (LQDT) are performing better than SHOP. Let’s discuss…

Shopify (SHOP) reported higher earnings and revenue during the second quarter as it lowered costs and increased the prices of its services. Despite its positive outlook, the company will likely face headwinds from uncertain macroeconomic conditions and rising competition. However, given the internet industry’s long-term growth prospects, I have discussed…