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

NYSE:SHOP

40.61

3.86 (10.50%) 1d

Showing 1 to 15 of 25 entries

BUY

A pandemic darling with shares (the US stock) peaking at $176 last November and trading in the $30s today. Yesterday, SHOP announced it will lay off 10% of its workforce and today its report fell short of expectations at every major line. Management even said things will get worse this quarter before improving by the holidays. And yet, shares jumped 12% today. Why? The bad news was already baked in. Will be in far better shape 12 months from now.

Technology

BUY

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WAIT

The street believes that e-commerce has slowed dramatically because people are going out. He predicts it will take two quarters before we don't feel that way anymore.

Technology

DON'T BUY

A buying opportunity as shares are back at 2019 levels? SHOP remains expensive. The company is fantastic, yes. But the PE is very high. He buys companies that make things and return capital at a reasonable PE.

Technology

HOLD

This name has been crushed in the past couple of quarters. There's more pain to go with these names and all tech, but they are certainly more attractive now in terms of PE than a year ago. You must nimble and focus on stronger balance sheets. The next few months of the market will be difficult.

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COMMENT

They report Thursday. Shares have been cut in half. The market perceives it as a lockdown stock, but not true--it's good for all seasons. Even a great quarterly report may not matter.

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DON'T BUY

A terrific engine of growth and best in class--but it doesn't matter. It got hammered for reasons beyond its control. Buy Amazon instead.

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BUY

Wall Street has left certain "pandemic" stocks for dead. Why is this considered a pandemic play? And no, it's not another Amazon. The company will grow into its PE, so SHOP is good long term.

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HOLD

High-PE stocks are hard to invest during this stage of the cycle, like SHOP or Twilio, way off their highs, but bounced 15-20% this week. He owns both and believes in them long term, believes in their fundamentals.

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DON'T BUY

Shares are down $1,000 from its peak. Didn't do as well as Etsy, which released earnings and soared today. He'd rather buy Amazon.

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HOLD

The market is moving out of PE into price/sales. It's tough to be in long-duration assets in this market. But he's holding on, not selling, and is underweight these names. He believes in their business models, though it's tough to feel the pain on the way down. You got to right-size such holdings.

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TOP PICK

On sale today, by 10%. E-commerce as a service. Well managed. Concern about new fulfillment centre strategy, but they explained it well. Everything is running well. 12-month price target of $1550 USD. No dividend.

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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).

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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.

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BUY

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

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Showing 1 to 15 of 25 entries

Shopify Inc(SHOP-N) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 3

Neutral - Hold Signals / Votes : 3

Bearish - Sell Signals / Votes : 3

Total Signals / Votes : 9

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, 9 stock analysts published opinions about SHOP-N. 3 analysts recommended to BUY the stock. 3 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?

9 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 2022-08-10, Shopify Inc (SHOP-N) stock closed at a price of $40.61.

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