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Barchart

Mark R. Hake, CFA

Shopify Stock, a Favorite of Short Options Traders, Still Looks Undervalued to Analysts

SHOP Shopify ITM Barchart

Shopify Inc (SHOP) stock has been a favorite of traders who short out-of-the-money puts with high short-put yields and long-term call option buyers. However, analysts are still raising their price targets as the company's free cash flow and FCF margins are so strong.

SHOP stock was at $115.68 in midday trading on Monday, Dec. 9, up over +28.5% from Nov. 11 ($89.99), before its Q3 earnings and FCF figures on Nov. 12.

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