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 Name 5 Days 1 Month 6 Months 1 Year
SHOP 10.7% -8.1% -76.5% -77.4%

Shopify Stock Forecast: Latest Tweet

Shopify Stock Forecast: Today’s Outlook

Indicator Trend
Overall Outlook Positive
Market Data 
Market Cap Higher
Technical Sell
Trading Volume Higher
Crowd’s Wisdom 
Google Search Volume Higher
Social Media Sentiment Positive

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.

Shopify Stock Forecast: Latest Video

YouTube video

Shopify Stock: Earnings Result Summary

Revenue Surprise EPS Surprise
Q1 2022 1.2B -2.9% 0.2 -69.4%
Q2 2022 Forecast 1.3B 0.3
2021 4.6B As Expected 6.41 As Expected
2022 Forecast 5.8B 0.9

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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