The e-commerce enabler is still way off its all-time highs. Shopify (SHOP 0.64%) stock is down 51% from its all-time highs back in 2021. But after encountering some obstacles on its upward trajectory, it looks like it's back in action. It has tremendous growth drivers and a powerful e-commerce platform, and it's finally profitable again. Does Shopify stock have what it takes to turn investors into millionaires? Back in business Shopify was hardly a household name before the COVID-19 pandemic. It was still m ...

Shopify (SHOP) shares have appreciated 21.1% 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 gained 6.3% and 9.8%, respectively. The outperformance in SHOP’s shares can be attributed to the positive impact of the 50-basis-point rate cut by the U.S. Federal Reserve in September. The higher-than-expected cut is expected to have aided the small and medium businesses, which form Shopify’s ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Shopify (SHOP) , which belongs to the Zacks Internet - Services industry.This cloud-based commerce company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 27.50%.For the last reported quarter, Shopify came out with earnings of $0.2 ...

San Francisco, CA, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Blueshift, a leading CDP and cross-channel marketing platform, is thrilled to announce the launch of its new Shopify App Integration, designed to help e-Commerce brands unlock the full potential of their customer data. This integration allows Shopify users to synchronize customer data, shopping behavior, and transactional information seamlessly with Blueshift’s AI-powered platform, enabling more personalized, automated marketing campaigns. Alongside this ...

The data underlines Shopify as a high-quality growth stock priced to generate stellar long-term returns.The stock market continues to march higher, making it harder to find the no-brainer buying opportunities that can set investors up for big-time returns. Still, there is always a deal somewhere, and Shopify (SHOP 5.49%) jumps off the page as a table-pounding buy today.Sure, the stock has had a tough couple of years and trades at only half its all-time highs, and no, you shouldn't buy a stock simply because ...

Both stocks are riding the wave of industries with powerful long-term tailwinds.Interest-rate cuts are often perceived as good for equities for at least two reasons. First, since lower interest rates make it easier for companies to borrow money, they can help spear business growth. Second, lower interest rates mean fixed-income assets, like bonds, lose some of their appeal compared to stocks, so many investors switch over to and bid up equities.The relationship between interest rates and the stock market is ...

When I last covered Shopify (NYSE: SHOP ) on May 23rd, 2024 with “ Shopify: Falling Hard, Look Out Below ”, the stock had fallen by more than -37.05% relative to the highs posted on February 12th and shareholders had evenAnalyst’s Disclosure: I/we have a beneficial long position in the shares of SHOP either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no bu ...

Shopify stock is far from its all-time high, but the company is more profitable today.In today's video, I will be talking about the recent updates regarding Shopify (SHOP 5.49%). Check out the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were from the trading day of Oct. 1, 2024. The video was published on Oct. 4, 2024. ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?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 brokerage recommendation (ABR) ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...