A 33% rise from current levels puts SHOP at a $300 billion market cap (at that level, the stock price would be approximately $2190).
I wouldn’t be surprised to see that sometime next year.
$1850 is the projected upper limit for week of 12/20/21 for a 2%, ytd linear regression plot, shown on chart.
I’m curious to hear peoples’ price targets for Dec 2021 or Jan 2022.
Don't misunderstand, I'm bullish SHOP. But I believe it might currently be priced for perfection.
Also, I think this comment/ chart needs a "shelf life", as my view will definitely be different 4 to 8 weeks from now, as more information is known.
I wouldn’t be surprised to see that sometime next year.
$1850 is the projected upper limit for week of 12/20/21 for a 2%, ytd linear regression plot, shown on chart.
I’m curious to hear peoples’ price targets for Dec 2021 or Jan 2022.
Don't misunderstand, I'm bullish SHOP. But I believe it might currently be priced for perfection.
Also, I think this comment/ chart needs a "shelf life", as my view will definitely be different 4 to 8 weeks from now, as more information is known.
Comment:
With a normal distribution, approximately 95% of the area falls within two standard deviations of the mean.