Shopify Stock Forecast: Is the twitter partnership enough to help it climb?

Shopify Stock Forecast: Is the twitter partnership enough to help it climb?

Shopify Stock Forecast: The stock is expected to trade between $317.8 and $349.0 The overall recommendation is Buy.

Shopify Stock Forecast: Latest Price

SHOP Stock Forecast: Performance Chart

Stock Name5 Days1 Month6 Months1 Year
SHOP10.7%-8.1%-76.5%-77.4%

Shopify Stock Forecast: Latest Tweet

GreatBrewbino on Twitter: “Watching $SHOP today. Sitting at a decision point and with good market momentum another leg up to $358$SHOP 343 > 360C / Twitter”

Watching $SHOP today. Sitting at a decision point and with good market momentum another leg up to $358$SHOP 343 > 360C

Shopify Stock Forecast: Today’s Outlook

IndicatorTrend
Overall OutlookPositive
Market Data
Market CapHigher
TechnicalSell
Trading VolumeHigher
Crowd’s Wisdom
Google Search VolumeHigher
Social Media SentimentPositive

Also Read: Rivian Stock Forecast 2022

Shopify Stock Forecast 2022

For the 2022 forecast, according to Shopify’s target price, it is expected to reach a high of $859.8 and a low of $360. This represents an increase of 44.3% from the past year. The earnings per share for the current quarter are $0.3 and are expected to reach a high of $0.9 or a low of $-0.2 in the coming quarter. The forecast for the year 2022 is $0.9. The annual sales growth is expected to be 25.6% which is forecasted at 5.8B for 2022. Analysts recommend “buying” the stock.

Shopify is partnering with Twitter which was able to grab the positive sentiment of the market and hence, the stock popped on 22nd June 2022. It will generate sales for Shopify which is why the deal looks promising.

The risks of execution Shopify are increasing according to Bracelin. The inflation is increasing for customers as well and hence, they cannot be expected to spend as much. Furthermore, customers have begun to favor services and goods are secondary as per current trends. Whenever the economy will improve, post 2022, it can be expected that Shopify’s business will accelerate. Bracelin posted a target of $800 keeping this in mind.

Shopify Stock Forecast: Latest Video

YouTube video

Shopify Stock: Earnings Result Summary

RevenueSurpriseEPSSurprise
Q1 20221.2B-2.9%0.2-69.4%
Q2 2022 Forecast1.3B0.3
20214.6BAs Expected6.41As Expected
2022 Forecast5.8B0.9

Shopify Stock Forecast: Technical Analysis

Nandini Panchal

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

Shopify Stock Forecast

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