With a previous 7.40% intraday surge, after the previous earnings announcement and an earnings bet of +0.13 Cent per share compared to the Wall Street consensus, we can expect SHOP to similarly behave this time around and are slightly bullish, as the company continues to grow and is on an overall uptrend. However we position ourselves neutral, as the company's stock is up by 129.69% (YTD) this year already. We expect the stock so bounce anywhere between from 293 to 342. The hype remains, growth prospects are there, but valuation is unreasonably rich at these levels.