Shopify(SHOP)
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Where Will Shopify Stock Be in 1 Year?
The Motley Fool· 2024-06-07 10:52
The e-commerce giant's stock price won't necessarily track its business fundamentals in the short term.Shopify's (SHOP 0.34%) stock performance has been a mixed bag since the company went public in 2015. Those who bought in at the start and have held on since then are sitting on a 2,220% gain. But the stock has also taken some steep drops along the way. Over the past 30 days, for instance, shares have lost one-fifth of their value.What lies ahead for Shopify, operator of one of the world's largest e-commerc ...
Shopify acquires Threads (no, not that one)
TechCrunch· 2024-06-07 10:05
Shopify has acquired Threads.com, the Seqiuoa-backed Slack alternative, Threads said on its website. The companies didn’t disclose the terms of the deal but said that the Threads.com team will join Shopify.Threads added that after the launch of Meta’s social network with the same name last year, the startup had “the opportunity to sell our domains.” It is not clear if the startup sold the domain name to Meta, Shopify, or anyone else, but the note does indicate that it would have had to rebrand from Threads ...
Shopify: Beyond The Short-Term Noise, A Long-Term Growth Story, Buy
Seeking Alpha· 2024-06-06 13:12
The Good Brigade/DigitalVision via Getty Images Investment Thesis Shopify (NYSE:SHOP) shares experienced a steep decline after the company released its first quarter earnings for 2024. While revenues of $1.86 billion surpassed analyst expectations, the company reported a net loss compared to a profit in the same period last year. However, this loss stemmed from a charge associated with the sale of Shopify's logistics business. The decline year-over-year was primarily due to the sale of the logistics busines ...
Should You Buy Amazon Stock Instead of Shopify Stock?
The Motley Fool· 2024-06-05 12:00
John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon and 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 ...
Cathie Wood Goes Bargain Hunting: 1 Stock She Just Bought
fool.com· 2024-05-26 15:47
Is this stock really a bargain, though?Cathie Wood has developed a strong following among investors for anticipating digital trends that accelerated early in the pandemic. The Ark Invest chief often takes a contrarian position on stocks, and the exchange-traded funds (ETFs) she manages tend to focus on companies that are creating and spreading disruptive technology.She has been a fan of e-commerce platform operator Shopify (SHOP -1.16%) for a long time, but over the past year, she has been cutting her ETFs' ...
Analyst: Shopify Stock Boasts Intriguing Entry Point
schaeffersresearch.com· 2024-05-22 12:46
The shares of Shopify Inc (NYSE:SHOP) are 3.3% higher in premarket trading following a bull note from Goldman Sachs. The Wall Street analyst upgraded SHOP to "buy" from "neutral" and increased its price target to $74 from $67, pointing at the equity's attractive entry point after a shaky start to 2024.Specifically, the e-commerce stock is down 24.5% year to date, with headwinds blowing in earlier this month after a downbeat quarterly report. Shopify stock yesterday closed at its lowest mark since November 2 ...
Comeback Alert: Shopify's Rally Is About to Begin
marketbeat.com· 2024-05-21 13:44
It’s been a tough couple of weeks for investors of Shopify Inc. NYSE: SHOP. Indeed, while the broader market has been setting record highs since the final weeks of last year, shares of the e-commerce platform have been sinking some 40% from their high in February. Key PointsShares of Shopify have been trending down since the start of the year while the rest of the market has rallied. The latest drop came from this month’s earnings report and contracting margins.However, there are several reasons to think th ...
Shopify: The Powerhouse Of Next-Generation Commerce
seekingalpha.com· 2024-05-20 16:22
JHVEPhoto Shopify Inc. (NYSE:SHOP) (TSX:SHOP:CA) has been an underperformer in the latest earnings season compared to its closest e-commerce and payment processing solution peers like Amazon (AMZN) and PayPal (PYPL). Despite outperforming both sales and earnings metrics in Q1, the positive results were largely overshadowed by concerns pertaining to diminishing profit margins as management commits to higher opex spend. More importantly, we believe the lesser-than-expected tailwind from Plus plan price ch ...
1 Growth Stock Down 65%: Is It a Once-in-a-Generation Investment Right Now?
fool.com· 2024-05-19 16:05
Investors weren't pleased with the latest financial update that Shopify's management provided.With the Nasdaq Composite Index in record territory, you might be thinking that most stocks are also near their all-time highs. But this just isn't the case.Take Shopify (SHOP 1.25%). As of May 15, the leading e-commerce platform's shares are currently 65% below their peak, which was established in November 2021. It doesn't help that Wall Street hasn't been pleased with the company's recent financial updates.Does t ...
Where Will Shopify Stock Be in 5 Years?
fool.com· 2024-05-18 12:15
Does this unique e-commerce platform have a brighter future?While E-commerce has lost some of its luster to newer hype cycles like generative artificial intelligence (AI), it is still one of the most transformational technology megatrends in our lifetime. And Shopify (SHOP 1.25%) offers investors exposure to the small business side of the equation through its storefront creation platform. Let's dig deeper into what the next five years could have in store for the company.A business in recovery mode Like many ...