alberto clemares expósito SHOP's High Growth Investment Thesis Is Undeniable, With Robust Bullish Support We previously covered Shopify Inc. (NYSE:SHOP) in May 2024, discussing why we had reiterated our Buy rating as the market over-reacted to the FQ1'24 adj EPS miss/ supposedly softer FQ2'24 guidance and the stock consequently fell below our previous recommended entry point around the $65s. With the e-commerce platform still reporting robust monthly recurring revenue/ subscription growth, growing adj ...

Automatic Securities Disposition Plan Adopted by Shopify Chief Executive OfficerSeptember 06, 2024 5:00 PM EDT | Source: ShopifyInternet, Everywhere--(Newsfile Corp. - September 6, 2024) - Shopify Inc. (NYSE, TSX: SHOP), announced today that Tobias Lütke, Shopify's Chief Executive Officer, has adopted an automatic securities disposition plan ("ASDP"), in accordance with securities laws and Shopify's internal policies, with sales of Class A Subordinate Voting Shares ("Class A Shares") under the ...

A month has gone by since the last earnings report for Shopify (SHOP) . Shares have added about 2.3% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Shopify due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Shopify Q2 Earnings Beat Estimates, Revenues Rise Y/YShop ...

The market loved its most recent update.Shopify (SHOP -3.79%) stock soared 21% in August according to data provided by S&P Global Market Intelligence. It delivered an outstanding second-quarter earnings report, and Shopify is a popular stock that makes big moves based on performance.Harnessing its huge opportunityShopify is a global e-commerce leader, and it's leveraging its vast and superior capabilities to grab market share in a growing industry. It's gone through some ups and downs over the past few year ...

Shopify now makes up 11% of Ark's total holdings.Cathie Wood developed a reputation as a prescient stock picker as her flagship fund, the Ark Innovation ETF (ARKK 0.31%) more than doubled in 2020, along with several other of her actively traded exchange-traded funds (ETFs).Wood also famously made an outlandish call in 2018 for Tesla to hit a split-adjusted price of $3,000, which it did when it soared in 2020 as it turned profitable.More recently, her returns have been more underwhelming, but growth stock in ...

A great business doesn't always translate into a great stock.Shares of Shopify (SHOP 1.02%) have risen more than 20% this month as investors have been encouraged by the company's strong growth in revenue and gross profit. But investors shouldn't get too excited. There's good reason to believe the stock's recent rebound could be hot air.Sure, the e-commerce platform company continues to execute well and management seems to be making a lot of good decisions. The problem, however, is the stock's valuation -- t ...

The e-commerce platform has soared ever since it went public.Shopify (SHOP -2.68%) has taken its investors on a volatile journey ever since its initial public offering in May 2015. But shares have still made for a wildly successful investment, as they have soared 2,860% during the company's entire public history.As of this writing, the business carries a market cap of just under $100 billion. Can this top e-commerce stock see its market cap rise 10-fold between now and 2030? That would make Shopify a trilli ...

NEW YORK, Aug. 26, 2024 /PRNewswire/ -- The Special Committee of the Board of Directors (the "Special Committee") of Paramount Global (NASDAQ: PARA, PARAA) ("Paramount" or "the Company") today confirmed that it has been informed by Edgar Bronfman, Jr. that the acquisition proposal from his consortium of investors (the "Bronfman Consortium") has been withdrawn. Therefore, the "Go-Shop" period as defined in the Transaction Agreement with Skydance Media, LLC has concluded with respect to all parties.During the ...

Shopify (SHOP) shares have returned 21.5% in the past month, outperforming both the Zacks Computer & Technology sector and the Zacks Internet Services industry. Over the same timeframe, the sector and industry have lost 1.2% and 6.4%, respectively. The outperformance can be attributed to Shopify’s robust second-quarter 2024 results that primarily benefited from an expanding merchant and partner base.Total revenues jumped 20.7% year over year to $2.05 billion, which beat the Zacks Consensus Estimate by 2.03% ...

As TikTok Shop gains traction, YouTube is expanding its partnership with Shopify to onboard more brands for its YouTube Shopping affiliate program, the company announced on Tuesday. The expanded partnership means creators will get access to thousands of new brands to tag in their shopping videos, marking a significant increase from the few hundred brands they currently have access to.As part of the expansion, all eligible Shopify Plus and Advanced merchants in the U.S. can now sign up for the Shopping affil ...