I have two shares of shopify can i average at higher price now?
If you’re bullish long-term, averaging up might work, but at this price, risks are higher. Waiting for a pullback or better entry could be smarter.
Shopify’s trading at $113.43, up ~54% in the last 3 months. Analysts’ avg price target is $95.97. You can be smart about it.
I believe Shopify’s focus on AI tools, logistics, and partnerships with Amazon can be a good factor for long-term.