Buy, Sell or Hold: Shopify Inc (SHOP-N) — Stock Predictions at Stockchase

NYSE:SHOP

872.23

56.47 (6.92%) 1d

Showing 1 to 13 of 13 entries

COMMENT

A winner during the pandemic and will thrive if Omicron makes an impact. They just had a huge Black Friday with $2.9 billion in sales, up 21% over last year though online sales declined YOY. Their last quarter was mixed to some analysts, management reiterated its full-year forecast, so shares didn't drop, though they did sell-off last Friday (along with the market).

BUY

They support small business, what America needs now though Shopify is Canadian. Their platform accounts for 9% of all e-commerce. This is an anazing company with stunning growth.

BUY

You can buy this now at 20% below highs. SHOP is shooting the lights out.

STRONG BUY

A 2020 winner that's fallen out of fashion now. Hit its peak last month and now down 20%. Strongly buy this weakness. Their last quarter was great.

BUY on WEAKNESS

It's up SO much. He liked it at $120, but now trades at 10x that price. A great company, but by a tranche when it falls lower, which he expects.

BUY

Sell given current volatility? Loves it. You must think of this over many years, as consumer sentiment moves from big box to individual empowerment. It's the ethos that matters here. Stay long if you hold it. You don't need to buy more now.

BUY

Shopify vs. Big Commerce Big Commerce went public in August and is basically a Shopify copycat. He prefers Shopify which has a faster growth rate and is turning a profit. Has always liked Shopify. Both are Covid winners.

PARTIAL SELL

Up 300%? Take some profits. This is investing discipline.

PAST TOP PICK

(A Top Pick Oct 01/19, Up 191%) Glad he still owns it. He targets US$1,100, so there's currently room to grow (not US$903). Has a long runway in secular growth. Their track record of innovation is phenomenal. He sees a much-higher stock price. Their Q2 report said that gross merchandise volume accelerated 119% at a phenomenal annual rate.

COMMENT

He has built up a position in the US holding. His price target is $375 US. A recent share offering diluted the shares, but now it trades at $4 billion below enterprise value. He has a 3.5% holding in his portfolio.

COMMENT

SHOP, US vs. Canadian. Can't explain why one is up and one is down, unless it was the recent holidays.

COMMENT

Amazon (AMZN-Q), Shopify (SHOP-N)? Both are trading at high valuations. This one is not quite making money, while Amazon is making a small profit margin, but not much. Amazon is growing its top line in the low 20% range, and this one has 80% revenue growth. If he has 2 companies that are both overpriced, he is going to go with the one that is 80% versus the one that is growing 20%, so he would go with this one.

DON'T BUY

Has a super high valuation, and he wouldn’t recommend buying at these levels. He really likes the company and they have done a tremendous job. Good management team.

Showing 1 to 13 of 13 entries

Shopify Inc(SHOP-N) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 4

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 4

Stockchase rating for Shopify Inc is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Shopify Inc(SHOP-N) Frequently Asked Questions

What is Shopify Inc stock symbol?

Shopify Inc is a American stock, trading under the symbol SHOP-N on the New York Stock Exchange (SHOP). It is usually referred to as NYSE:SHOP or SHOP-N

Is Shopify Inc a buy or a sell?

In the last year, 4 stock analysts published opinions about SHOP-N. 4 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Shopify Inc.

Is Shopify Inc a good investment or a top pick?

Shopify Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Shopify Inc.

Why is Shopify Inc stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Shopify Inc worth watching?

4 stock analysts on Stockchase covered Shopify Inc In the last year. It is a trending stock that is worth watching.

What is Shopify Inc stock price?

On 2022-01-28, Shopify Inc (SHOP-N) stock closed at a price of $872.23.

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