SHOP Price Prediction Next Week
Technical Analysis: Based on the latest price action, SHOP experienced a significant decline of -6.41% on Friday, closing at $115.56 . The stock is showing signs of weakness after reaching recent highs.
Key Technical Indicators:
- RSI (14) at 47.01 indicates neutral momentum but trending lower
- MACD shows bearish divergence with -0.29 histogram
- Stock is trading above all major moving averages (SMA 20: $119.62, SMA 60: $113.19)
- Bollinger Bands show price near middle band ($119.62) with upper band at $137.36 and lower band at $101.88
News Sentiment Analysis: Recent news highlights several key developments:
- Strong Q4 performance with revenue growing 31% YoY
- Continued progress in enterprise segment with new customers like Reebok, Champion, and Warner Music Group
- Management guided mid-20s revenue growth for Q1 2025
- Analysts maintain positive outlook with Oppenheimer raising price target to $150
Price Prediction for Next Week: Based on technical indicators and news sentiment:
- Support levels: $113.40 (Fibonacci S2), $116.87 (Fibonacci S1)
- Resistance levels: $128.08 (Fibonacci R1), $131.55 (Fibonacci R2)
Expected price range: $115-125
- Most likely scenario (60% probability): Consolidation between $115-120 due to broader market uncertainty
- Bearish scenario (25%): Break below $115 could lead to test of $113.40
- Bullish scenario (15%): Break above $120 could target $125
Trading Recommendation: SELL Rationale:
- Technical indicators showing weakening momentum
- Price approaching key support levels
- Recent sharp decline suggests further downside potential
- Set stop loss at $120 and first target at $113.40
SHOP Similar Chart Price Prediction
The price of SHOP is predicted to go up 0.22%, based on the high correlation periods with SHEN. The similarity of these two price pattern on the periods is 97.58%.
SHOP
SHEN
Up: 0.22%Similarity: 97.58%
SHOP Revenue Forecast
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SHOP VS S&P500
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.
SHOP Analyst's Forecast
Keith Weiss
Morgan Stanley
Buy
2025-02-12
Price Target
$126 → $144
Upside
+19.51%
JPMorgan analyst Reginald Smith raised the firm's price target on Shopify to $124 from $121 and keeps an Overweight rating on the shares. Shopify reported another solid beat that saw accelerating volume and revenue growth and free cash flow margin upside, the analyst tells investors in a research note. The firm "again came away impressed" with Shopify, saying same store sales drove more than half of volume growth in Q4, which is rare for a large company.
Timothy Chiodo
UBS
Hold
2025-02-12
Price Target
$110 → $125
Upside
+3.74%
Paul Treiber
RBC Capital
Buy
2025-02-12
Price Target
$130 → $145
Upside
+20.34%
