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SHOP Shopify First Price Target Reached

On Feb 3rd i was writing this article saying that the price targets after the Feb 16th earnings are $715 and $531:

At that time, the price was $929. i know it seemed ridiculous.

But today the fist price target was reached and i have closed 50% of my position.

The Slowing Growth Outlook was the main catalyst for the selloff: "There is caution around inflation and consumer spend near term, for the full year.”, Shopify officials said, adding: "full year revenue growth will be lower than the 57% increase in 2021."

My price target for this year is $531.

Looking forward to read your opinion about it.

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