What prompted writing this article?
Over the last few months, Shopify (SHOP) has been experiencing a meteoric rise that has not been seen since the late 1990s in the dot-com era. This price has been mostly supported by analysts who have been increasing their price target for the company stock price to very high levels.
In addition, for every article that was published about Shopify on Seeking Alpha or other sites during this rise, regardless of whether the article was positive or negative about Shopify, arguments sprouted about the justification of the company