<div id="readability-page-1">Stock at yearly low: Shares closed at $96.88, down nearly 46% from last October's peak, after slower growth guidance spurred selling. Inflation squeeze: Higher inflation and Treasury yields have weighed on growth stock valuations, adding pressure to Shopify's market performance. Analyst outlook: Despite lowered price targets, most analysts still see significant upside potential for Shopify shares.</div>

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<p>Shopify's shares have hit a yearly low of $96.88, down nearly 46% from last October's peak, following slower growth guidance. The stock's performance has been pressured by higher inflation and Treasury yields affecting growth stock valuations. Despite lowered price targets, analysts maintain a positive outlook, suggesting significant upside potential for Shopify shares.</p>

Shopify hits yearly low as growth outlook dims