For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Shopify (SHOP) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.Shopify is a member of our Computer and Technology ...

As the market hits fresh all-time highs, primarily due to the outsized gains of the "Magnificent Seven" stocks, investors might want to turn their attention to less-prominent businesses that are still performing well. For example, Shopify (SHOP 3.24%), the popular e-commerce platform, is skyrocketing. Its shares have soared 146% since the start of 2023 (as of Feb. 7). In the wake of a rough 2022, investors appear to be in love with growth tech stocks again.But if you're thinking about adding Shopify to your ...

Shares of Shopify (SHOP 3.45%) turned higher on Thursday, climbing as much as 7.4%. As of 1:45 p.m. ET, the stock was still up roughly 3%.While the broader market updraft likely added fuel to its ascent, the e-commerce platform provider was also on the receiving end of some positive commentary from a Wall Street analyst.A (moderately) positive call?Analysts at Citi raised their price target on Shopify to $96, up from its previous level of $87. This represents potential gains for investors of roughly 13% com ...

Shopify (SHOP -1.85%) investors are partying like it's early 2022. The e-commerce platform stock recently crossed $80 per share to set a new post-pandemic peak. Shopify's all-time high was $153 in late 2021, but shares dropped as low as $43 in the subsequent slump.Still, the rally over the past year raises the risk that investors will pay too high of a price for Shopify if its sales and earnings trends disappoint. Let's take a closer look at the prospects for this volatile growth stock.The latest resultsThe ...

In the latest trading session, Shopify (SHOP) closed at $81.40, marking a -1.84% move from the previous day. This change lagged the S&P 500's 0.32% loss on the day. Elsewhere, the Dow saw a downswing of 0.71%, while the tech-heavy Nasdaq depreciated by 0.2%.The cloud-based commerce company's stock has climbed by 11.3% in the past month, exceeding the Computer and Technology sector's gain of 9.33% and the S&P 500's gain of 4.59%.Market participants will be closely following the financial results of Shopify i ...

TORONTO, Feb. 5, 2024 /PRNewswire/ - Jobber, the leading provider of operations management software for home service businesses, today announced that global finance veteran Amy Shapero has been appointed to its board of directors as Audit Committee Chair. Shapero brings extensive finance, strategy, and operating experience in mission-driven, high-growth companies developing disruptive technology to level the playing field for small and medium-sized businesses. She most recently served for nearly five years ...

Shares of Shopify (SHOP 6.53%) jumped as much as 7.7% higher on Friday morning, buffed by a bullish research report from analysts at Wells Fargo.Wells Fargo's bullish Shopify analysisWells Fargo analyst Andrew Bauch reaffirmed his overweight rating on the e-commerce services stock while lifting the price target from $80 to $90 per share. In a note to clients, Bauch said that a robust holiday shopping season was already baked into Shopify's stock price. In order to go higher from here, he's looking for produ ...

Shopify (SHOP) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this cloud-based commerce company have returned +4.5%, compared to the Zacks S&P 500 composite's +2.9% change. During this period, the Zacks Internet - Services industry, which Shopify falls in, has gained 1.2%. The key question now is: What could be the stock's future direction?Althoug ...

The fourth-quarter 2023 earnings results are so far mostly in line with expectations. As of Jan 24, 83 companies on the S&P 500 Index have reported their financial numbers. Total earnings for these 83 index members are up 0.9% from the same period last year on 3.9% higher revenues, with 78.3% beating EPS estimates and 65.1% beating revenue estimates.At present, total earnings of the S&P 500 Index in fourth-quarter 2024 are expected to be up 0.6% on 2.3% higher revenues. This follows the 3.8% earnings growth ...

If you're anything like me, you know Shopify (SHOP -2.75%) as a company that markets this amazing platform for creating turnkey e-commerce websites.But I recently discovered that while Shopify certainly operates that kind of platform, its main revenue stream doesn't come from the monthly subscriptions clients sign up for at all. In fact, less than 30% of its revenue comes from what it calls the subscription solutions segment.More than 70% of its revenue comes from a different segment, and it leads to a comp ...