Jim Cramer - Mad Money Shopify Inc SHOP-N BUY Jun 10, 2024

It's the small/medium-sized Amazon for fulfillment. The CEO is doing a great job, but it's a hard stock to own, but long-term it will be fine.

Its retail partners reported record Black Friday revenues.

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.

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.

12-month price target of $82. 60% off its highs. Must actively manage by trimming and adding, which adds alpha to your portfolio. 

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.

It missed its last quarter, due to spending issues. Wait till the next report to see if they have resolved that.

It reports next week. Extra spending and rate cuts are paying off. He likes it.

It's THE portal for small/mid-cap companies, which are the bellwether of the economy. They report next week.