Could Shopify prove to be a recession-proof stock?Concerns about the economy have led to many e-commerce stocks struggling this year. Shares of Shopify (SHOP -0.40%), Wayfair, and Etsy are all down more than 10% in just the past six months. Even the mighty Amazon has barely managed to stay in the green during that stretch.Investors are fearing the worst about a possible economic slowdown next year. But Shopify's management thinks that the company is in a better position than many of its rivals.Shopify has b ...

Sean Gallup Introduction Last week, Shopify (NYSE:SHOP) (TSX:SHOP:CA) announced its Q2 2024 results and the market reacted very enthusiastically and the stock shot up 26%. Since then, the run kept going, and the stock is now up 38%. Data by YCharts Of course, if you zoom out, you see that the stock had dropped a lot recently. Probably, the reason was that investors saw weaker consumer demand and were afraid it would impact Shopify. So, despite the big jump now, the stock is still down about 4% year-to-d ...

JHVEPhoto Shopify (NYSE:SHOP) stock jumped by over 22% on the day it reported earnings last week, surprising investors with the incredible strength of its e-commerce business, despite most competitors delivering underwhelming results, citing economic weakness. The commerce giant proved its ability to continue adding new merchants at higher subscription prices, while also offering the best-in-class software platform to enable merchants to thrive, even with consumer spending trends weakening across the econom ...

The e-commerce software giant has fallen over 60% from its 2022 highs.Shopify (SHOP 4.55%) is one of the world's largest e-commerce platforms. Using the company's software and services ecosystem, virtually any person or company can open an online store. It's getting harder to call the company a hidden gem -- the stock is worth nearly $90 billion and has been public for almost a decade. That said, Shopify has fallen out of favor with investors over the past few years.The stock peaked in 2022 thanks to pandem ...

It reported fabulous second-quarter results.Shopify (SHOP 2.42%) stock has popped 26% since releasing its phenomenal second-quarter earnings results on Aug. 7, but it's still down over 50% in the past three years. There's been a lot going on at Shopify that's keeping investors on their toes. Let's see where the business is today and whether or not it's a good time to buy shares.Growth has been better than expectedLet's take a step back and give the recent earnings report some context. Shopify, which offers ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Shopify (SHOP) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Shopify currently has an average b ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Shopify. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks ...

Shares ended last week with a 27% gain.2024 has been a tale of two quarters for Shopify (SHOP 1.09%). The e-commerce company's stock tanked in May after it reported first-quarter results. Analysts were expecting 19.5% growth in the second quarter, and management's "high-teens percentage rate" guidance left investors disappointed.But this week, shares surged after the Q2 results showed 21% revenue growth, topping management's prior outlook and analysts' estimates too.If this all seems a little silly to you, ...

Shopify is quietly becoming a global e-commerce giant -- and more.The last 12 months have been volatile for Shopify's (SHOP 1.09%) investors. At one point, the stock traded at a low of $45.50, but it then doubled in the next few months to reach $91.57. Today, the stock is back down to about $63.The recent stock movement suggests that the bulls and bears are still undecided on Shopify's long-term prospects. The former likes the huge e-commerce opportunity ahead, while the latter has concerns over Shopify's e ...