SHOP - Weekly - Future Looks Promising

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Shopify (SHOP) appears to be on a strong upward trajectory, technically positioned within a sustained monthly channel that suggests continued appreciation. This outlook is bolstered by consistent revenue growth since 2020 and a robust recovery from its 2022 net income deficit, with the company demonstrating improved free cash flow and cash equivalents in 2024. Given its healthy financials, dominant market share in e-commerce platforms over competitors like Wix and Squarespace, and high user engagement, Shopify presents a compelling long-term investment opportunity for those seeking a strong return on investment.


Not financial advice, always do your due diligence
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