Shopify Inc.
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shop turbulence fixed ?? :)

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Analysts at Citi raised their price target on Shopify to $96, up from its previous level of $87
Shopify Price Target Raised to US$100 at CIBC
Barclays analyst Trevor Young maintains Shopify Equal-Weight and raises the price target from $53 to $70.


Wells Fargo Adjusts Price Target on Shopify to $90 From $70, Maintains Overweight Rating

Oppenheimer Raises Shopify's Price Target to $90 From $80, Maintains Outperform Rating
Deutsche Bank Raises Shopify's Price Target to $95 From $85, Maintains Buy Rating

This is for potential buy back:

Wells Fargo analyst Andrew Bauch reaffirmed his overweight rating on the e-commerce services stock while lifting the price target from $80 to $90 per share. In a note to clients, Bauch said that a robust holiday shopping season was already baked into Shopify's stock price. In order to go higher from here, he's looking for product updates and long-lasting profit margin improvements.

Management has been focusing on profitability, a strategy that has been paying off. In Q3, Shopify delivered its fourth consecutive quarter of positive free cash flow and has generated a profit in two of the past three quarters.

Shopify’s fourth-quarter 2023 results are expected to have benefited from investments in developing the best solutions for modern e-commerce. These are expected to have helped it expand its merchant base.


I expect shop to test the sell off at these levels.

target 120-138 after earnings 2-3 months into next quarter.
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Shopify's stock price dropped after earnings because despite beating estimates, its forward guidance fell short of expectations. Investors were disappointed by the lower-than-anticipated growth outlook, leading to a share price decrease. Additionally, analysts noted that the company's free cash flow guidance was lower than expected, contributing to the stock's decline.

Their Q4 and full-year 2023 financial results showed strong growth, with increased revenue and gross merchandise volume. Considering both the growth and the guidance i am still bullish on the stock.

target 120-138 after earnings 2-3 months into next quarter.
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