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Benzinga
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Shopify Stock's Bullish Run Faces Q4 Earnings Test: Can It Maintain Momentum?

1. Shopify expects Q4 EPS of 43 cents and $2.73B revenue. 2. Stock up 36.11% over the past year, 12.81% YTD. 3. Current price trades above major moving averages, indicating bullish momentum. 4. RSI at 62.87 suggests potential upward movement remains. 5. Analysts have a consensus Buy rating, target $98.44.

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FAQ

Why Bullish?

Strong year-over-year growth and bullish indicators could sustain price gains, similar to past performances during earnings.

How important is it?

Earnings performance directly impacts investor sentiment and stock price for Shopify.

Why Short Term?

Immediate earnings results typically influence stock price movements in the short-term.

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