Stockchase Opinions

Jim Cramer - Mad Money Shopify Inc SHOP-N BUY Jul 31, 2024

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

$61.200

Stock price when the opinion was issued

Technology
It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.

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PARTIAL BUY

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.

BUY

Its retail partners reported record Black Friday revenues.

HOLD

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.

PARTIAL SELL

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.

TRADE

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

PARTIAL BUY

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.

WAIT

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

BUY

It's been going down so much, now at $63 that it's worth buying.

BUY

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