Q: Shopify reports on Tuesday. Would you recommend buying before or after they report? Do you think they will beat or miss.
5i Research Answer:
We really try not to base any decision on a single quarter. SHOP is a great company that has had solid long term success. But the stock is very volatile quarter to quarter. Recent news has been good, and we would have no reason to expect bad news this quarter. We would expect a 'beat'. But, the stock can still decline even with a good quarter. We would be comfortable buying now, but think any decision needs to be made with a 3+ year timeframe, regardless.