AI is the hottest thing in stocks right now. Nvidia’s (NASDAQ:NVDA) historic bull run, thanks to its AI-friendly business, is proof of this. As a result, many companies are looking to dabble in AI to capitalize off the phenomenon. However, not every such company is having such uninterrupted success as the graphic chips maker. That makes some of these companies AI stocks to sell this June.When a company’s stock starts going downhill, you need time to watch how it unfolds — preferably from a distance. That’s ...

Loading...Loading...JP Morgan analyst Reginald Smith initiated coverage on Shopify Inc SHOP with an Overweight rating and a price target of $74.As per Smith, Shopify is one of the largest publicly traded payment facilitators with a solid competitive moat that warrants a premium valuation.According to the analyst, Shopify's product breadth, ease of use, and scale are distinct competitive advantages that will continue to fuel industry-leading growth.Smith modeled 18% compounded revenue growth through fiscal 2 ...

Shares of Shopify Inc (NYSE:SHOP) are headed for their 11th consecutive daily gain, up 1.9% to trade at $64.20 at last glance, after J.P. Morgan Securities initiated coverage with an "overweight" rating and $74 price target. The brokerage cited the e-commerce giant's product breadth, ease of use, and scale as competitive advantages in the industry. The 40-day moving average appears to be keeping today's gains in check, however. Now trading at roughly the same levels it did following its early May post-earni ...

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We Are Investment Thesis Shopify's (NYSE:SHOP) has dropped 20% over the past month after a strong 1Q FY2024 earnings. This selloff was largely due to a weak forward guidance, even though revenue and EPS beat expectations in the last quarter. Unsurprisingly, the stock's premium valuation indicated high expectations going into the quarter, making it vulnerable to a weak forward guidance. In my previous analysis, I initiated a neutral rating on the stock and raised concerns that a valuation of over 10x EV/ ...

The e-commerce giants have many similarities.Both Amazon (AMZN 0.33%) and Shopify (SHOP 0.60%) are incredible businesses. Both target e-commerce spending, which has grown at double-digit percentage rates for years, and is expected to do so for years to come. When it comes to high-upside stocks, both of these companies fit the bill. But which stock has the potential to deliver the biggest profits to those who buy in today?Amazon has achieved greatness -- and that's a bit of a problemAmazon needs no introduct ...

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 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 ...

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 ...

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 ...