Expect strong results when interest rates go down.Shopify has become one of the largest e-commerce companies in the world. It provides the backbone for millions of small merchants, and it's pivoting to capture market share from enterprise businesses.But if you're looking for a smaller player that's just getting started, you might want to consider buying Global-e Online (GLBE -3.07%) stock. It's growing fast, and it also gives you exposure to Shopify. Here's how.A niche e-commerce playerGlobal-e is an e-comm ...

Shopify (SHOP) shares rallied 8.6% in the last trading session to close at $69.72. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 3.5% loss over the past four weeks.Shopify is benefiting from strong growth in its merchant base. New merchant-friendly tools like Bill Pay, Tax Platform, Collective and the Marketplace Connect app are helping it to win new merchants regularly.This cloud-based commerce company is ...

The e-commerce space is packed with competition, but one company seems completely overlooked compared to the rest of the pack.The e-commerce space is packed with competition. While behemoths such as Amazon and Walmart dominate online shopping, smaller players such as Shopify and Etsy have proven to be formidable players in the e-commerce realm.Since its initial public offering (IPO) in 2015, shares of Shopify have returned a jaw-dropping 2,400%. However, over the last few years, the company has polarized so ...

Shopify to Announce Second-Quarter 2024 Financial Results August 7, 2024July 17, 2024 7:00 AM EDT | Source: ShopifyInternet, Everywhere--(Newsfile Corp. - July 17, 2024) - Shopify Inc. (NYSE, TSX: SHOP), a provider of essential internet infrastructure for commerce, plans to announce financial results for its second quarter, which ended June 30, 2024, before markets open on Wednesday, August 7, 2024. Shopify's management team will host a conference call to discuss the second-quarter results at ...

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 ...

Key TakeawaysBank of America upgraded shares of Shopify, saying the online payments platform is turning a corner on balancing growth and profit margins.The bank boosted its rating from neutral to buy and increased its price target by $4 to $82.The stock is rising today, though still in the red for 2024. Shopify (SHOP) shares rose Tuesday after an upgrade from Bank of America, which argued that the online payments platform is “turning the corner.” Bank of America raised its rating to buy from neutral, and in ...

It's still on the rebound.Shopify (SHOP -1.05%) stock fell 15% in the first six months of the year, according to data provided by S&P Global Market Intelligence. It's still climbing back up from losses related to overexpanding its business and trading at a high valuation.Shopify is an e-commerce leaderShopify sells e-commerce services to business clients. It hosts a platform for small businesses to operate online, which is why you won't be buying products straight from Shopify. However, you're likely buying ...

The shares of Shopify Inc (NYSE:SHOP) are up 5.3% before the bell, after landing an upgrade at Bank of America to "buy" from "neutral" and price-target hike to $82 from $78. The analyst cited the e-commerce firm's revenue growth and robust margin expansion as catalysts for the bull note.There's room for more covering brokerages to change their tune. Coming into today, 19 of 40 analysts rated SHOP a tepid "hold," leaving the shares open for more upgrades in the weeks ahead.Over the last nine months, Shopify ...

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?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Shopify (SHOP) .Shopify currently has an average brokerage recommendation (ABR) of 1.98, on a s ...

Investment Rating - Buy (First Coverage) [1] Core Views - The report addresses key questions about the global e-commerce SaaS market, Shopify's core business framework, and its strategic expansion through various channels [6] - Shopify's subscription solutions provide foundational e-commerce SaaS services, while merchant solutions offer value-added services like payments, logistics, and financing, driving a second growth curve [7] - Shopify is expanding its business boundaries through strategies like multi-channel independent stores, local globalization, B2C/B2B integration, online-to-offline sales, and AI-driven tools [8] - The company is leveraging generative AI to enhance merchant efficiency, with tools like Shopify Magic and Sidekick [8] Market Analysis - Global e-commerce penetration is steadily increasing, with a projected growth rate of around 9% from 2024 to 2027 [6] - The DTC (Direct-to-Consumer) model is driving demand for e-commerce SaaS services, with Shopify benefiting from lower sales costs and better consumer data control [6] - The global e-commerce SaaS market is expected to reach $473-609 billion by 2025, with a CAGR of 34% from 2024 to 2026 [6] Business Analysis Subscription Solutions - Shopify offers basic e-commerce SaaS services, including online store setup, design, marketing, and inventory management [7] - Subscription solutions provide a stable and sustainable revenue stream, with different pricing plans catering to various business sizes [7] - Shopify Plus, targeting enterprise clients, offers advanced features and contributes significantly to GMV [7] Merchant Solutions - Shopify Payments, a key component of merchant solutions, has seen increasing adoption rates, contributing significantly to revenue [7] - The company has expanded its logistics services through partnerships and acquisitions, though it recently divested its logistics business to focus on profitability [74] - Shopify Capital provides financing solutions to small merchants, helping them manage cash flow and grow their businesses [77] - The platform's app ecosystem, supported by third-party developers, enriches its service offerings and drives merchant growth [80] AI and Global Expansion - Shopify is integrating AI tools like Shopify Magic and Sidekick to enhance merchant efficiency and customer experience [8] - The company is expanding globally through Shopify Markets, offering localized solutions for international sales, including currency conversion, local payment options, and shipping logistics [88] Financial Projections - Revenue for FY2024-2026 is projected to be $8.5 billion, $10.2 billion, and $12 billion, respectively, with adjusted net profits of $1.3 billion, $1.6 billion, and $2.1 billion [9] - The target price is set at $79, based on a 12x P/S multiple for FY2024, reflecting Shopify's strong position as a leader in the e-commerce SaaS industry [9]