2/12/25
(Note: This post was originally shared with the media on 2/12/25. We allow 3 days lead time before full public posting).
3 STOCKS WE LOVE FOR VALENTINE’S DAY
With Valentine’s Day upon us, we wanted to share 3 stocks that we love for Valentine’s Day, that we expect to love us back.
SHOPIFY INC. (SHOP)
Shopify is a global leader in e-commerce platform management. They host 5.6 million active stores for online merchants in over 175 countries. If you make a Valentine’s Day purchase online this year, there is a good chance that the merchant uses the Shopify platform.
Shopify reported earnings on Tuesday. They reported 31% revenue growth vs the same quarter from one year ago and EPS growth of over 61%. These are bullish growth numbers. The Shopify chart is in a confirmed weekly uptrend and is testing 3-year highs. Our year-end price target is $150.
META PLATFORMS (META)
Meta Platforms is a global social media giant. Between their Facebook platform and Instagram platforms, it is estimated that they have over 5 billion combined users – this includes those who use both platforms. There is a good chance that you may have met your Valentine (or future Valentine) on one of their social media sites.
Meta reported earnings in January, with impressive 20% sales growth and 50% earnings growth vs the prior period. The Meta Platforms chart is in a bullish weekly uptrend and is making new all-time highs this week. Our year end price target is $780.
SPOTIFY TECHNOLOGY SA (SPOT)
Spotify is the world’s largest streaming music platform, with over 675 million users. Latest data suggests that Spotify has over 30% of global music subscriber market share. You can even share playlists with your Valentine (or future Valentine).
In their latest quarterly report, Spotify reported 14% sales growth over the comparable period and triple-digit earnings growth. The chart is in a confirmed weekly uptrend and it is making new highs this week. Our year-end price target is $710.
DISCLOSURE: I have long positions in all three stocks mentioned above. These stock ideas are repeat ideas on our weekly top 25 stocks list for subscribers.
Larry Tentarelli
Chief Technical Strategist and Founder
Blue Chip Daily Trend Report
