Shop stock price forecast current "shop stock price forecast"

Current "shop stock price forecast" models account for seasonality in retail demand, showing possible 8% year-over-year growth, driven by increased cross-border sales. From a valuation perspective, Shopify is currently exchanging hands at a Forward P/E ratio of 103.87. This expresses a premium compared to the average Forward P/E of 24.61 of its industry. Shopify competes more and more with Amazon.com ( AMZN ), and it seems to be picking up market share. For example, Shopify had a strong Q1 (revenue +26.8% Y/Y) and management guided for a mid-20% increase in Q2. Traders watching the "shop stock price forecast" are noting technical support near $59, with momentum indicators pointing toward a possible breakout should volume sustain above average.