A rich valuation implies high growth.All eyes were on Shopify (SHOP -1.28%) last week as it reported its first-quarter earnings results. With the stock up over 120% in the lead-up to the earnings release, investors had high expectations, so its weak outlook was met with severe consequences. Shopify stock has plunged 24% since then.Is this short-term dip a buying opportunity? Let's see how Shopify is doing and where it's likely headed.An e-commerce empireShopify is a global leader in e-commerce software, and ...

The company's shift in focus should improve its fundamentals, the prognosticator believes.After suffering a 16% price drop over the past month, Shopify (SHOP -1.28%) stock is ice-cold on the market. Does that make the e-commerce facilitator an irresistible buy?One analyst tracking the company certainly thinks so, even though he just took a big pair of scissors to his price target. Here's a look at the current state of Shopify, and whether its recent share price tumble makes it a buy on weakness.A chop from ...

Shopify is still reeling from an ill-judged investment in logistics.Fool.com contributor Parkev Tatevosian explains why Shopify (SHOP -5.62%) stock is down and lets you know if that's a buying opportunity. *Stock prices used were the afternoon prices of May 9, 2024. The video was published on May 11, 2024. ...

The state of Shopify's investment case after its first quarter.Shopify (SHOP -5.62%) stock plunged following its first-quarter earnings. While its 23% yearly revenue growth closely approximated its performance in past quarters, a forecast for lower Q2 revenue growth and a return to net losses appeared to spook investors.Nonetheless, one can still argue that Shopify is expensive even after the pullback. This leaves investors to question whether this is a buying opportunity or whether they should hold or poss ...

"Buying the dip" doesn't always make sense.Shares of e-commerce and payment platform provider Shopify (SHOP -0.45%) plunged following the company's first-quarter earnings release this week. Is the sell-off a buying opportunity or a sign of potentially more trouble ahead?Shopify's financial results show a fast-growing company. But that doesn't mean the stock is a buy. The company's market capitalization, currently standing at around $80 billion, necessitates both strong top-line growth and a clear path to su ...

Shopify expects another quarter of double-digit growth, but will it be enough to send the stock up?Shares of Shopify (SHOP -0.45%) are trading down after the company's first-quarter earnings report. The company delivered solid growth on the top and bottom lines, with revenue beating Wall Street's consensus estimate, but it seems the quarter wasn't strong enough to justify high expectations heading into the report.Bank of America analyst Brad Sills noted the company's strong results, but a difficult macroeco ...

Shopify (SHOP) reported first-quarter 2024 adjusted earnings of 20 cents per share, comfortably beating the Zacks Consensus Estimate by 25%. The company reported earnings of 1 cent per share in the year-ago quarter.Total revenues jumped 23.4% year over year to $1.86 billion, which beat the Zacks Consensus Estimate by 1.36%.Quarter in DetailSubscription Solutions revenues increased 33.8% year over year to $511 million, primarily due to more merchants joining the platform, as well as pricing changes for exist ...

Shopify just plunged on earnings, but one analyst sees a lot of upside ahead.There's no sugarcoating it. Shopify (SHOP -0.77%) got clobbered after releasing its earnings report on Wednesday.The e-commerce software superstar posted solid first-quarter results, but its guidance for the second quarter was a bit light of what Wall Street expected, and investors responded by doing what they do to growth stocks that miss expectations. The stock plunged roughly 20%.However, one Wall Street firm reaffirmed its bull ...

The multi-tenant, cloud-based, multi-channel commerce platform Shopify (SHOP) slumped about 18.6% on May 8 after the company issued a downbeat revenue forecast for the fiscal Q2 2024. On May 8, 2024, the company reported first-quarter 2024 earnings before the market opened.Shopify came up with adjusted quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compared to earnings of $0.01 per share a year ago. This quarterly report represents an earnings surprise o ...

Key PointsShares of Shopify are trading lower by nearly 20% after the company reported its first quarterly earnings results, though the news isn't all bad. Investors can see the company's fundamentals growing at double-digit rates, and markets have noticed. Wall Street analysts see leading EPS growth ahead for Shopify, and price targets reflect the same trends. 5 stocks we like better than ShopifyAfter reporting its first quarter 2024 earnings results, arguably the most important set of results as they set ...