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  5. SHOP: Trying to understand analyst changes on SHOP. [Shopify Inc. Class A Subordinate Voting Shares]

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Q: Trying to understand analyst changes on SHOP. TD lists analyst 3 changes this week. One sell and 2 holds. On the surface, this could be interpreted as almost 3 sells. What indicators or factors might drive some analysts to come to this conclusion when others, including 5i, are much more upbeat, even bullish.
Asked on November 25, 2024
5i Research Answer:
Out of all 52 analysts covering SHOP, we see one as having a 'strong sell' rating, one as a...
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