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Barchart
Barchart
Mark R. Hake, CFA

Analysts Keep Raising Shopify's Targets - Make a 3.0% Yield in One-Month SHOP OTM Puts

SHOP Shopify Barchart ITM Stock Analysis

Analysts continue to raise their revenue and stock price targets for Shopify, Inc. (SHOP). Its new target price is 20% higher. This article will demonstrate how to achieve a 3.0% yield by shorting one-month away SHOP puts at a 4% out-of-the-money strike price.

SHOP closed at $146.82 on Friday, Sept. 5, with a $191.274 billion market cap. That is well over my prior target price of $137 at a 178 billion market valuation.

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