It’s Time to Buy Shopify (SHOP) Again – 7/17

Company: Shopify (SYM: SHOP)

Keep an eye on Shopify (SYM: SHOP).

The stock just broke from consolidation, last trading at $69.78. From here, we’d like to see it refill its bearish gap at around $77.50 near term.

Helping, Bank of America just upgraded SHOP to a buy rating with a price target of $82.

shop

Contrarian Outlook

Buy this Fund TODAY for 10.5% Monthly Dividends

One of my favorite income plays right now is an under-the-radar fund that pays an incredible 10.5% monthly dividend. I’m so excited about this fund that I’ve made it a core holding in my “8% Monthly Payer” portfolio – an easy-to-buy collection of stocks and funds that could hand you $3,330+ in dividend payouts every single month!

Click here to learn more.

“Following years of declining margin, we believe that the company has turned a corner on balanced growth and margin, under new CFO Jeff Hoffmeister,” said the firm, as quoted by Barron’s. They also forecast “solid revenue growth and FCF conversion from here,” driven by solid baseline e-commerce growth, steady share gains, and disciplined expense spending.

Even analysts at Wolfe Research just initiated at outperform rating on the SHOP stock with a price target of $80 a share.  Evercore ISI also upgraded the stock to an outperform rating with a price target of $75 a share.

Colonial Metals

Petrodollar Death Sentence?

The death of the “petrodollar” seems imminent. China and India have decided to abandon the petrodollar. For one main reason. To get around the energy sanctions on Russian oil and gas. The rumor mill expects the already weak US dollar to potentially collapse. Which means every dollar you hold in a retirement account could instantly drop in value. In answer to this issue, we have released a Special Report to the public.

Click here to get your free copy.

Goldman Sachs also upgraded the stock to a buy rating, with a price target of $74 a share, adding that, “Given Shopify’s significant technology moat in eCommerce software and share gain across eCommerce cycles, we believe these investments will drive more durable revenue growth at scale,” adding that if Shopify is successful in converting investments to growth, there is a path to 42x 2026 free cash flow of $1.75 per share.

With a good deal of negativity priced into the SHOP stock, and plenty of new price targets, weakness is an opportunity in SHOP shares.

Manward Press

The Mysterious VC Firm Behind Nvidia’s Secret Weapon

business

In 1999, Sutter Hill Ventures made a bold bet on Nvidia before anyone had heard of it. Now, they’re going all-in on Nvidia’s hush-hush partner that’s powering their new Blackwell chip. Discover the little-known company that’s attracting massive investments from the visionaries behind Nvidia’s 100,000% rise.

Unlock the hidden key to AI’s future.

deal of the month

best growth stocks

Alliance

Bundle package – lifetime subscriptions for all products

Categories

Recent posts

Tags

Connect with Us

Get FREE Daily Stock Tips

Join and receive market insider stock picks, trade alerts and unique investing insights
This field is for validation purposes and should be left unchanged.
By clicking the "Subscribe" button you are accepting our Terms of Use and Privacy Policy.

Join Waitlist

We’re sorry, but due to the popularity of our services, we have reached our max number of subscribers and are not currently accepting more. If spots become available, we will be sure to contact you. Please join the waitlist below.
Thank You!

"*" indicates required fields

Name*
This field is for validation purposes and should be left unchanged.