Technical Analysis: Based on recent price action, SHOP shows a bullish trend with strong momentum. The stock has formed a series of higher highs and higher lows since early February 2025.
Price Target Analysis:
News Sentiment:
Next Week Price Prediction: Based on technical indicators and positive analyst sentiment:
Trading Recommendation: BUY
The strong technical setup combined with positive analyst upgrades and valuation support suggests SHOP is likely to continue its upward momentum into next week. The stock is showing relative strength compared to the broader market and trading at a discount to peers despite strong fundamentals.
The price of SHOP is predicted to go up -7.88%, based on the high correlation periods with MANH. The similarity of these two price pattern on the periods is 96.84%.
SHOP
MANH
Shopify's growth has been strong and is expected to remain so, with robust new merchant adds, increasing GMV, and high attach rates.
We believe Shopify is attractive for SMBs because it is simple to use and has a wide variety of built-in features that make it a turnkey solution.
The company has many experts to help SMBs with website design, photography, and other elements of the process and benefits from a large referral and developer ecosystem.
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