Shopify(SHOP)
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Shopify shares rise on analyst upgrade
Proactiveinvestors NA· 2025-01-06 20:24
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
Why Shopify (SHOP) Dipped More Than Broader Market Today
ZACKS· 2024-12-26 23:51
Shopify (SHOP) closed at $109.96 in the latest trading session, marking a -0.2% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 0.04%. On the other hand, the Dow registered a gain of 0.07%, and the technology-centric Nasdaq decreased by 0.05%.The cloud-based commerce company's shares have seen a decrease of 2.1% over the last month, not keeping up with the Computer and Technology sector's gain of 5.93% and the S&P 500's gain of 1.05%.The investment community will be c ...
Growing Top-Line One Merchant At A Time: Shopify - Initiating With A Buy
Seeking Alpha· 2024-12-24 04:46
Shopify (NYSE: SHOP ) stock has rallied over the past six months, to say the least, with the stock up roughly 67% compared to the S&P 500, up 7%. I’m initiating Shopify with a buy for the mid-to-long-term investor because it is successfully buildingI’m a retired Wall Street PM specializing in TMT; my educational background is a bachelor's in Finance and Economics, and an MBA from Columbia, after which I directly began my career on Wall Street. Since kickstarting my career, I’ve spent over two decades in the ...
Shopify (SHOP) Laps the Stock Market: Here's Why
ZACKS· 2024-12-20 23:51
Shopify (SHOP) closed the latest trading day at $108.95, indicating a +1.76% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily gain of 1.09%. At the same time, the Dow added 1.18%, and the tech-heavy Nasdaq gained 1.03%.Prior to today's trading, shares of the cloud-based commerce company had gained 0.55% over the past month. This has lagged the Computer and Technology sector's gain of 1.8% and outpaced the S&P 500's loss of 0.71% in that time.Analysts and i ...
Investing in These 2 Top Growth Stocks Would Be a Brilliant Move
The Motley Fool· 2024-12-19 13:25
Growth stocks are back in style these days. Several well-known ones are crushing the market while riding the wave of the artificial intelligence revolution (AI). However, plenty of growth-oriented companies outside of AI are worth investing in. Industries such as e-commerce and fintech have terrific prospects, too, and the leaders in these spaces could deliver outsize returns over the long run.Let's consider two growth stocks -- one in each industry -- that look like excellent buys: Shopify (SHOP -8.19%) an ...
3 Reasons Growth Investors Will Love Shopify (SHOP)
ZACKS· 2024-12-18 18:45
Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a growth stock that can live up to its true potential can be a tough task.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, it's pretty easy to find cutting-edge growth stocks wit ...
Is Shopify (SHOP) a Buy as Wall Street Analysts Look Optimistic?
ZACKS· 2024-12-18 15:30
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Shopify (SHOP) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Shopify currently has an average b ...
Could Shopify Be Your Ticket to Becoming a Millionaire by 2035?
The Motley Fool· 2024-12-18 09:25
Core Insights - Shopify has established itself as a leading e-commerce solution for millions of merchants globally, benefiting from the growing e-commerce trends, with U.S. e-commerce expected to rise from 16.6% of retail sales this year to 20.6% by 2027 [1][7] Company Performance - Shopify's gross merchandise volume (GMV) increased by 24% year over year in Q3, reaching $70 million, outpacing Amazon's online sales growth of 7% and third-party sales growth of 10% [3] - The company reported a 26% year-over-year sales growth in Q3, with operating income rising from $122 million to $283 million and net income increasing from $718 million to $828 million [5] - Free cash flow improved from $276 million to $421 million, with a free cash flow margin increase from 16% to 19% [5] Market Position and Strategy - Shopify is competitive in the e-commerce space, providing a complete platform that supports small businesses, although it is smaller than Amazon, which accounts for 37.4% of all e-commerce [2] - The company has expanded its offerings to include physical store solutions and single services, attracting larger enterprise clients [8][9] - Shopify's international business is growing rapidly, with international merchants increasing by 36% in Q3, and clients in the Shopify Managed Markets program seeing a 40% increase in international sales [10] Future Outlook - The company is expected to benefit from tailwinds due to an improved economy, as inflation moderates and interest rates decrease [7] - To sustain its premium valuation, Shopify must meet market expectations consistently, with a current price-to-sales ratio of 18 and a forward price-to-earnings ratio of 76 [11] - Projections suggest that if Shopify maintains a compound annual growth rate (CAGR) of 15%, it could reach $33 billion in sales over the next decade, with a potential market cap of $165 billion [12]
Lantern AI Quiz Builder Reveals Key Insights to Boost Shopify Store Revenue
Newsfile· 2024-12-16 19:39
Core Insights - Lantern's 2024 analysis reveals that merchants using its quiz-building app generate an average of $29,000 in additional monthly revenue, which can increase to $37,359 with optimized quiz pathways and integration with platforms like Klaviyo [1][5]. Group 1: Quiz Format Optimization - Top-performing merchants utilize simple and easy-to-follow quiz formats, leading to higher completion rates and increased revenue [2]. - Merchants employing fewer logic jumps and straightforward paths see significantly improved completion rates [2]. Group 2: Data Integration and Marketing - Integrating Lantern quizzes with platforms like Klaviyo allows merchants to sync quiz-taker data, enabling highly targeted email campaigns that improve open rates and deliver personalized content [3]. - Lantern quizzes help merchants collect an average of 6,353 emails per quiz, enhancing targeted marketing efforts [5]. Group 3: Customer Engagement Strategies - Personalized product recommendations based on quiz answers keep customers engaged and encourage purchases, with a "View More Results" button used in 65% of successful quizzes [4]. - Lantern's analytics provide insights into customer behavior, allowing merchants to refine quiz formats for better results [6][7]. Group 4: Versatility Across Industries - Lantern's flexibility allows it to cater to various industries, enabling merchants to create tailored quizzes for their unique audiences [8]. - The app positions itself as a critical tool for scaling e-commerce success by providing actionable insights and enhancing customer experiences [8].
Take the Zacks Approach to Beat the Markets: Shopify, Enerflex, The Greenbrier in Focus
ZACKS· 2024-12-16 13:50
Market Overview - The Nasdaq Composite increased by 0.96%, while the Dow Jones Industrial Average decreased by 1.29%, and the S&P 500 remained unchanged, amid concerns over the U.S.-China trade war and mixed economic data [1] - The consumer price index (CPI) rose by 0.3%, marking the largest increase in seven months, while the producer price index (PPI) increased by 3% compared to a 2.6% rise in October, indicating persistent inflation challenges against the U.S. central bank's 2% target [2] Investment Performance - Enerflex Ltd. shares gained 45.4% since being upgraded to Zacks Rank 2 (Buy) on October 17, outperforming the S&P 500's 3.8% increase [4] - Snap-on Incorporated returned 8.3% since its upgrade to Zacks Rank 2 on October 18, also surpassing the S&P 500's performance [4] - Peapack-Gladstone Financial Corporation and The Greenbrier Companies, Inc. advanced 13.4% and 12.6% respectively since their upgrades to Outperform on October 24 and 25 [10] Zacks Rank and Recommendations - The Zacks Rank system, focused on earnings estimate revisions, has shown a strong correlation with near-term stock price movements, with a hypothetical portfolio of Zacks Rank 1 stocks returning +21.6% year-to-date through November 4, 2024 [5] - The Zacks Model Portfolio of Rank 1 stocks has outperformed the S&P 500 index by almost 13 percentage points since 1988, with an annualized average return of +24.1% [7] Focus List and Other Portfolios - The Zacks Focus List portfolio returned +31.44% in 2023, outperforming the S&P 500 index's +26.28% return [14] - Walmart Inc. and Fiserv, Inc. saw significant gains of 17% and 16.7% respectively over the past 12 weeks, as part of the Earnings Certain Admiral Portfolio (ECAP) [16] - The Earnings Certain Dividend Portfolio (ECDP) returned +15.55% year-to-date through November 30, 2024, compared to the S&P 500 index's +28.1% return [21] Top Performing Stocks - Stride, Inc. from the Zacks Top 10 Stocks for 2024 has surged 78.9% year-to-date, significantly outperforming the S&P 500 index's +27.1% increase [23] - The Top 10 portfolio has produced a cumulative return of +2,112.57% since 2012, compared to +475.56% for the S&P 500 index [24]