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Shopify Q3 Earnings: Strong Growth Momentum Continues, But Stock May Drop In The Near Term (Rating Downgrade)
Seeking Alpha· 2024-11-15 13:24
I'm specialized in fundamental equity research, global macro strategy, and top-down portfolio construction. I graduated from UCLA with a degree of Business Economics and UMich Ross School of Business with a Master of Accounting. I'm a senior analyst at a multi-strategy hedge fund. In my opinion, HODL can't generate significant alpha or maintain a high Sharpe ratio over the long run. Seeking Alpha requires active management and minimizing opportunity costs. Investors should understand seeking a high positive ...
Shopify Shares Surge on Growth Outlook. Is It Too Late to Buy the Stock?
The Motley Fool· 2024-11-15 10:40
The company's platform is resonating with merchants of all sizes.It's been a roller-coaster ride for Shopify (SHOP -5.22%) shares this year, but since the summer, the stock has been on the ascent. After the e-commerce company delivered a strong third-quarter report Tuesday and offered upbeat guidance, its stock hit a new 52-week high. However, the stock is still far below the all-time peak it hit in 2021.With Shopify stock trading up more than 40% year to date as of this writing, it's natural to wonder whet ...
Shopify Surges on Upbeat Q3: ETFs to Gain
ZACKS· 2024-11-14 14:36
Shopify (SHOP) shares jumped 21% on Nov. 12 after the Canadian e-commerce company posted better-than-expected results for the third quarter and gave an optimistic forecast for the holiday shopping season. Shares of SHOP gained another 5.7% on Nov. 13 as investors’ optimism continued.The stock has a Zacks Rank #2 (Buy). SHOP shares belong to top-ranked (top 25%) Zacks Internet - Services industry and top-ranked (top 13%) Zacks Computer and Technology sector. SHOP’s earnings beat the Zacks Consensus Estimate ...
Shopify Stock Rally Continues: Why the Growth Story Isn't Over
MarketBeat· 2024-11-14 13:01
Shopify TodaySHOPShopify$115.13 +6.21 (+5.70%) 52-Week Range$48.56▼$115.62P/E Ratio107.60Price Target$94.95Add to WatchlistShopify’s NYSE: SHOP stock price action soared following the Q3 release because the results were good, more than good, showing the company's building momentum as it established itself as the go-to source for B2B eCommerce needs. Its unified, AI-enabled platform is gaining traction with businesses of all sizes, leading to four things investors like to hear: outperformance, accelerated p ...
Why Is Shopify Stock Soaring, and Is It Too Late to Buy?
The Motley Fool· 2024-11-14 11:45
Shopify (SHOP 5.67%) is accelerating revenue growth and has ambitions to take a larger share of the e-commerce market.*Stock prices used were the afternoon prices of Nov. 11, 2024. The video was published on Nov. 13, 2024. ...
Shopify Earnings: A Good Quarter, But Not Enough To Justify The Share Price Reaction
Seeking Alpha· 2024-11-13 18:54
Vladimir Dimitrov, CFA is a former strategy consultant within the field of brand and intangible assets valuation. During his career in the City of London he has been working with some of the largest global brands within the technology, telecom and banking sectors.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. ...
Why I Am Buying Shopify After Its Q3 Earnings
Seeking Alpha· 2024-11-13 18:43
We bring a rigorous research-driven approach to uncovering high-conviction stocks with compelling growth potential across dynamic sectors like big tech, semiconductors, AI, and healthcare. Leveraging comprehensive sector insights, We analyze both low-risk and selective high-risk plays that have the potential to outperform. Each investment idea is backed by thorough research and strategic foresight, aimed at helping investors navigate today’s complex markets and secure strong returns. Follow for sophisticate ...
Shopify's Q3 Earnings Beat Drives Analyst Upgrades, Market Confidence
Benzinga· 2024-11-13 18:30
Shopify Inc SHOP shares were climbing on Wednesday after the company reported upbeat third-quarter earnings.The company reported its results amid an exciting earnings season. Here are some key analyst takeaways.JPMorgan On ShopifyAnalyst Reginald Smith reiterated an Overweight rating while raising the price target from $76 to $121.Shopify delivered a "big FCF margin beat," Smith said. Free cash flows of $421 million coming in higher than consensus of $340 million and FCF margin of 19.5% coming in around 350 ...
Shopify Shares Rise on Q3 Earnings Beat: Is the Stock a Buy?
ZACKS· 2024-11-13 16:36
Shopify (SHOP) reported third-quarter 2024 non-GAAP earnings of 36 cents per share, beating the Zacks Consensus Estimate by 33.33%. SHOP reported earnings of 24 cents per share in the year-ago quarter.SHOP’s earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average earnings surprise being 24.50%.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Revenues of $2.16 billion surpassed the Zacks Consensus Estimate by 2.59%. The top line soared 26.1% year over y ...
Shopify Q3: Road To $137/Share, With Growing Market Share
Seeking Alpha· 2024-11-13 16:27
I last wrote about Shopify Inc. (NYSE: SHOP ) in July, where I initiated a "buy" rating. Since then, the stock is up over 80%, significantly outperforming the S&P 500 index ( SP500 ).Amrita runs a boutique family office fund in beautiful Vancouver, where she leads the investment strategy for the family fund. The fund's objective is to invest capital in sustainable, growth-driven companies that maximize shareholder equity by meeting their growth-oriented goals. In addition, she also started her own award-win ...