$Shopify(SHOP)$ Rookie investors are reacting instantly to some upgrade/downgrade reports from "certified" financial analysts without trying to understand a technical data reports. Here is example of how Zacks rated SHOP for the past three months: October (Strong Sell), November(Hold), December(Buy). So going by their guidance you would sell at $26-28, if you missed the sell in October then you would hold at $28-32 through November, and buy more more at $38-40 in December. Obviously it is misleading sell Low buy High advise of many financial analysts who are at last few weeks behind the market trend. Reading technical data few months back I bought SHOP at $29 because I knew this will double soon. Storeleads is reporting real time that in Q3/Q4, 2022 Shopify added 524,000 stores vs 190,000 added in Q3/Q4, 2021. Even recession slowdown and some of these stores closing are not able to dent significantly the revenue and earnings growth of SHOP in 2023 with such expansion.
Stay cool, stay long.
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