Kim Bolton
Shopify Inc
SHOP-N
PARTIAL SELL
Mar 20, 2024
He's been trimming. 12-month price target of $82, stock's banging up against that. He's still holding onto about 3.5%. Beat on top and bottom in February. Kept guidance, which many haven't. Operating margin still extremely strong. Incorporating generative AI tools. Trim, and look to get in around $73.50 and under $70.
Don't sell at current levels, and don't freak out if this decline 5-6 points, because it has gone up so much. There'll always be profit-takers. SHOP is doing everything right for small/medium businesses. Stay long.
Upgraded to Buy today at Goldman Sachs, giving the stock a bit of oomph. When it recently reported, guidance showed some clouds on horizon. Nice runway. 12-month price target of $81.75. Buy in thirds here around $59, $56, and $53.
He's been trimming. 12-month price target of $82, stock's banging up against that. He's still holding onto about 3.5%. Beat on top and bottom in February. Kept guidance, which many haven't. Operating margin still extremely strong. Incorporating generative AI tools. Trim, and look to get in around $73.50 and under $70.