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  5. SHOP: Now that Shopify is hitting new fifty-two week highs, do you expect it to keep going up for a while or just consolidate at some point, thanks? [Shopify Inc. Class A Subordinate Voting Shares]
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Q: Now that Shopify is hitting new fifty-two week highs, do you expect it to keep going up for a while or just consolidate at some point, thanks?
Asked by Pat on January 11, 2024
5i Research Answer:

We can't know for sure, of course, but recent trends for SHOP are positive, the last quarter was very strong, and lower interest rates typically boost tech valuations. We would think it keeps going, barring a big or small market correction (which could happen anytime, of course).