Nov. 14 at 6:25 PM
Is
$SHOP's rally facing challenges? 🤔
Despite a 31.3% gain over six months and strong fundamentals like a growing merchant base and solid free cash flow,
$SHOP faces intense competition from
$AMZN,
$ADBE, and
$MELI. Plus, its high valuation with a 14.95X forward P/S ratio and trading below the 50-day SMA suggest holding the stock.
Full analysis here 👉 https://www.zacks.com/stock/news/2791131/shopify-rallies-31-in-6-months-buy-sell-or-hold-the-stock?cid=sm-stocktwits-2-2791131-body-21161&ADID=SYND_STOCKTWITS_TWEET_2_2791131_BODY_21161