The "shop stock price forecast" from leading investment banks points to a median $70 price target over the next 12 months, factoring in improving gross merchandise volumes. Shopify (SHOP) closed the most recent trading day at $151.30, moving +1.16% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.06%. Meanwhile, the Dow experienced a rise of 0.17%, and the technology-dominated Nasdaq saw an increase of 0.39%. That implies, if Shopify can keep this up, assuming its sales continue to skyrocket, its FCF could rise dramatically. Let's project it out. Market volatility indices correlate positively with the "shop stock price forecast", indicating tactical trade opportunities for swing traders.
