CIBC analyst Todd Coupland tells investors to not buy shares of Shopify going into the company's Q3 earnings report on October 29. While the analyst like the trends in Plus, International and Shopify's Fulfillment Network opportunity, he thinks the stock price reflects the company's growth through 2020. The ~25% correction in the shares from the summer peak was justified, says Coupland, who points that in past years, October has been a negative month for the stock price. He keeps a Neutral rating on Shopify with a $350 price target. Coupland awaits "another opportunity to re-enter the stock."