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SHOP - Shopify Gets Interesting At $500
February, 20 2022 07:45 AM
Shopify Inc. Class A Subordinate
Recently, Shopify released its fourth quarter earnings. Despite beats on revenue and adjusted earnings, its stock fell 18% the day the release came out. It looks like the markets no longer think that SHOP deserves a premium valuation. In this article, I will advance a neutral thesis on SHOP, arguing that it's still risky at today's level but gets interesting at $500 and below. For further details see:
Shopify Gets Interesting At $500
Stock Information
Company Name:
Shopify Inc. Class A Subordinate
Stock Symbol:
SHOP
Market:
NYSE
Website:
shopify.com
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