![]() Yet one of these analysts (Atlantic Equities’ Kunaal Malde) raises a very valid concern. Yes, only two out of the 37 sell-siders rating Shopify give it a “sell” rating. Of greater concern, though, may be the steadily increasing bearishness among analysts and commentators alike for SHOP. Per MarketBeat, most analysts rate SHOP stock a “hold,” with just 13 out of 37 analysts rating it a buy. ![]() However, the same can’t be said about the sell-side community. The market at-large remains very bullish on this stock. Continued Bullishness, but Growing BearishnessĪlthough Shopify shares have not gone on a tear since they spiked higher during May, the stock has continued to trade at elevated prices.
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