Alert: Positive Investment/Fundamental Signals (12/1/23)-Shopify Inc (NYSE: SHOP)


Significant positive changes in investment behavior have recently occurred for Shopify Inc (NYSE: SHOP): positive upside/downside volume developed.

Shopify Inc (NYSE: SHOP). Important positive changes in fundamentals have recently occurred: the consensus estimate for December, 2024 increased significantly, the consensus estimate for December, 2023 increased significantly, and significant quarterly earnings acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

SHOP’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.

Shopify has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Shopify has a poor Appreciation Score of 19 but a very high Power Rating of 92, resulting in the Neutral Value Trend Rating.

Recent Price Action

Shopify Inc (NYSE: SHOP) stock closed at $73.86 on 12/1/23 after an increase of 1.4%. However, this advance was accompanied by below average trading volume at 79% of normal. The stock has risen 4.1% during the last week and has been exceptionally strong relative to the market over the last nine months.

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