Shopify rallies after Evercore ISI calls out +25% upside potential

Seeking Alpha2021-12-16
  • Evercore ISI upgrades Shopify(NYSE:SHOP)to an Outperform rating after having it lined up at In Line.
  • Analyst Mark Mahaney says the stock is dislocated at 20% off their YTD highs and with a forward EV/sales multiple of 24X that is at a pre-pandemic level. Mahaney and team also view SHOP as one of the highest quality assets in their coverage, noting the 2021-2023 Revenue CAGR of 34% is the fastest among all the Mega and Large Cap coverage. Growth opportunities and option value are also called out.
  • Shares of SHOP are up 3.08% in premarket action to $1,410.26.
  • Evercore ISI assigns a price target of $1,770 to rep 29% upside potential and stands above the average Wall Street PT of $1,698.19.
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精彩评论

  • koolgal
    2021-12-17
    koolgal
    Shopify is a great stock to buy as it has exponential growth ahead!  However it is rather expensive.  Go Shopify! 🚀🚀🚀🌙🌙🌙
  • BKT
    2021-12-17
    BKT
    Great. Like pls thanks
  • TradeMore
    2021-12-16
    TradeMore
    Ok
  • JoshuaLiew
    2021-12-16
    JoshuaLiew
    Ok can can 
  • noobieq0000
    2021-12-16
    noobieq0000
    .
  • HOK
    2021-12-16
    HOK
    Good 
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