Over the past few quarters, Shopify's stock has been on a rollercoaster ride, with notable price volatility. However, the company's Q2 FY24 earnings report brought some much-needed optimism, as the stock surged over 22% on the day of the announcement last week. This rally was driven by the performance of Shopify's e-commerce business, which stood out in a challenging macroeconomic environment, whilst many competitors fell short. The market's initial reaction might have been driven by concerns about declinin ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government. S ...

Stock market rallies can often be traced back to October.October has historically been a good month to have money in the stock market. The S&P 500 has rallied at least 10% on 61 occasions since World War II, and nearly one-third of those rallies have started in October, according to Bespoke Investment Group.One example is the bear market that started on Jan. 3, 2022, and ended on Oct. 12, 2022. The S&P 500 rallied more than 60% during the subsequent bull market. And history says the upward momentum could in ...

We are long Shopify (NYSE: SHOP ) as we believe it is the only credible challenger to Amazon’s e-commerce presence. Amazon ( AMZN ) operates a capital-intensive network of fulfillment centers, enabling itself and its third-party sellers rapid fulfillmentI collaborate with Nishant Surapanini MS, MD (2025). We study and select companies who are leaders in their industries, have best-in-class management teams, and opportunities for continued growth. But just as importantly, we identify and avoid poor-quality o ...

In the latest market close, Shopify (SHOP) reached $80.75, with a +1.88% movement compared to the previous day. The stock outpaced the S&P 500's daily gain of 0.4%. Meanwhile, the Dow experienced a rise of 0.62%, and the technology-dominated Nasdaq saw an increase of 0.6%.Coming into today, shares of the cloud-based commerce company had gained 9.28% in the past month. In that same time, the Computer and Technology sector gained 0.91%, while the S&P 500 gained 1.71%.The investment community will be closely m ...

Shopify stock makes up the largest position in Cathie Wood's portfolio.Cathie Wood has made a name for herself as a disruptive tech investor. She's not afraid to make risky moves, which makes it exciting to follow her portfolio. She hasn't always been right, but her investing thesis often needs time to play out.Shopify (SHOP 0.05%) is one of her favorite stocks. She has positions in three of Ark Invest's exchange-traded funds (ETF): 3.75% of the flagship Ark Innovation ETF, 2.87% of the Ark Next Generation ...

In the latest trading session, Shopify (SHOP) closed at $78.72, marking a +0.05% move from the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.19%. Meanwhile, the Dow experienced a rise of 0.09%, and the technology-dominated Nasdaq saw a decrease of 0.36%.The the stock of cloud-based commerce company has risen by 5.89% in the past month, leading the Computer and Technology sector's loss of 0.09% and the S&P 500's gain of 2.06%.Analysts and investors alike will be keeping ...

Shopify TodaySHOPShopify$78.70 +3.48 (+4.63%) 52-Week Range$45.50▼$91.57Price Target$77.92Add to WatchlistE-commerce giant Shopify Inc. NYSE: SHOP is one of those tech stocks still very much trading in the shadow of its COVID-era highs. Its story is one of an eye-watering rally and a painful, nearly 90% crash from which it's still recovering. However, that's the story when you look at the stock's history over the past five years. But zooming in on their more recent performance and future prospects, the stor ...

These Wall Street analysts are increasingly bullish on Shopify and Axon Enterprise.Shares of Shopify (SHOP 4.60%) and Axon Enterprise (AXON 1.76%) have moved in opposite directions this year. The former has fallen 4%, while the latter has gained 48%. Both stocks recently had their price targets raised by Wall Street analysts.On Sept. 17, Dominic Ball at Redburn Atlantic upgraded Shopify from neutral to buy and raised his price target to $99 per share. That forecast implies a 32% upside from the company's cu ...

Another bull lines up behind Shopify.Shopify (SHOP 0.73%) has long put up enviable growth numbers, but its valuation has historically made the stock volatile.The e-commerce software leader continues to trade at a high valuation, acting like a battleground stock at times as investors speculate on how long its rapid growth will continue, especially after its plan to expand into logistics through the Deliverr acquisition backfired.However, Shopify impressed investors with its latest earnings report in August, ...