Bullish Case: Strong Q1 2023 results, continued growth in e-commerce, and successful cost synergies from recent Flexport partnership [fool.com][Tech Crunch][Helium].


Show historical bullish cases

Bearish Case: High valuation, uncertain macroeconomic environment, recent layoffs, sale of 6 River Systems, and increased competition [fool.ca][Tech Crunch][Helium].


Show historical bearish cases

Takeaway: Shopify has growth potential but faces near-term uncertainty; cautious optimism is recommended [Helium].


Show historical takeaways

Potential Outcomes:

1) Accelerated growth (35%): Shopify expands into larger enterprises and synergizes with Flexport deal [fool.com][Tech Crunch]. 2) Slowing growth (45%): Economic pressures and competition affect financial performance [fool.ca][Helium]. 3) Stagnant growth (20%): Balanced headwinds and tailwinds lead to limited stock movement [Helium][Helium].


June 09, 2023



Correlated Stock Forecasts

Assets that tend to move strongly with SHOP



VGK Forecast + Options Trading Strategies   [VGK]  Vanguard FTSE Europe (0.82)


NUGT Forecast + Options Trading Strategies   [NUGT]  Direxion Daily Gold Miners Index Bull 2X S (0.82)


LRCX Forecast + Options Trading Strategies   [LRCX]  Lam Research (0.81)


FXE Forecast + Options Trading Strategies   [FXE]  Invesco CurrencyShares Euro (0.81)


EWI Forecast + Options Trading Strategies   [EWI]  BlackRock Institutional Trust Company N.A. - iShares MSCI Italy (0.8)



Uncorrelated Stock Forecasts

Assets with little price relationship to SHOP



ERF Forecast + Options Trading Strategies   [ERF]  Enerplus (0.0)


DIS Forecast + Options Trading Strategies   [DIS]  Walt Disney (0.0)


ZROZ Forecast + Options Trading Strategies   [ZROZ]  PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded (0.0)


LXRX Forecast + Options Trading Strategies   [LXRX]  Lexicon Pharmaceuticals (-0.01)


GRWG Forecast + Options Trading Strategies   [GRWG]  GrowGeneration (-0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against SHOP



SPXS Forecast + Options Trading Strategies   [SPXS]  Direxion Daily S&P 500 Bear 3X Shares (-0.65)


KDP Forecast + Options Trading Strategies   [KDP]  Keurig Dr Pepper (-0.68)


EPV Forecast + Options Trading Strategies   [EPV]  ProShares UltraShort FTSE Europe (-0.76)


EUO Forecast + Options Trading Strategies   [EUO]  ProShares UltraShort Euro (-0.8)


GLL Forecast + Options Trading Strategies   [GLL]  ProShares UltraShort Gold (-0.83)


SHOP News over Time





Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.

Most Recent SHOP News



SHOP Media Sentiment (?)


-0.4:  Tech Crunch


-2.3:  ctvnews.ca


-2.7:  Yahoo