Shopify's Risk-Reward Profile Is Suddenly Red Hot

Shopify TodaySHOPShopify$136.68 -0.61 (-0.44%) 52-Week Range$65.86▼$156.85P/E Ratio88.18Price Target$148.51Add to WatchlistShares of Shopify Inc. NYSE: SHOP closed just over $137 on Wednesday, continuing to drift lower from the multi-year high set at the start of August. That peak was driven by the company’s blowout Q2 earnings report, which smashed expectations and showed revenue growth accelerating almost across the board. The post-earnings surge had the stock up 123% since April’s low, but bulls have re ...