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Shopify Inc. (SHOP) provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. 
The company's platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.
It also sells custom themes and apps, and registration of domain names; and merchant solutions, which include accepting payments, shipping and fulfillment, and securing working capital.
On February 15th, SHOP reported Quarter December 2022 earnings of $0.09 per share on revenue of $1.7 billion. The consensus estimate was a loss of $0.01 per share on revenue of $2.2 billion. Revenue grew 25.7% on a year-over-year basis. Shares have formed a bullish wedge which is supported by the stock's 50-day moving average. Higher share prices are expected.
Entry Point: $45.60
Stop Loss: $43.00
Trading Range: $23.63 to $61.40
Target Price: $50.00
