The e-commerce software company is living up to all the hype -- and then some.Are you looking for a new stock pick to capitalize on the market's newfound strength? Consider stepping into a stake in Shopify (SHOP -0.54%). It's a right place/right time kind of prospect... something all investors were reminded of Tuesday. Fortunately, it's not too late to jump in.What's Shopify?On the off-chance you're reading this and don't know, Shopify helps businesses of all sizes establish and operate an e-commerce presen ...

Core Insights - Shopify Inc. reported better than expected third fiscal quarter results, indicating strong performance in its core e-commerce market for online stores [1] Financial Performance - The company exceeded top line estimates, showcasing effective execution in its business strategy [1]

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, the task of finding cutting-edge growth stocks is made easy with the help of the Z ...

Core Viewpoint - The article discusses the reliability of brokerage recommendations, particularly focusing on Shopify (SHOP), and suggests that while the average brokerage recommendation indicates a positive outlook, investors should be cautious and validate these recommendations with other tools like the Zacks Rank [1][3][6]. Brokerage Recommendations - Shopify has an average brokerage recommendation (ABR) of 1.84, which is between Strong Buy and Buy, based on recommendations from 44 brokerage firms [2]. - Out of the 44 recommendations, 25 are Strong Buy and one is Buy, accounting for 56.8% and 2.3% of all recommendations respectively [2]. Limitations of Brokerage Recommendations - Relying solely on brokerage recommendations may not be advisable, as studies indicate they often fail to guide investors effectively towards stocks with high potential for price appreciation [3][4]. - Analysts from brokerage firms tend to exhibit a strong positive bias in their ratings due to vested interests, leading to a disproportionate number of Strong Buy recommendations compared to Strong Sell [4][8]. Zacks Rank as an Alternative - The Zacks Rank, a proprietary stock rating tool, categorizes stocks from Strong Buy to Strong Sell and is based on earnings estimate revisions, making it a more reliable indicator of near-term stock performance [6][9]. - The Zacks Rank is updated more frequently than the ABR, reflecting changes in earnings estimates promptly, which can provide timely insights into future price movements [10]. Current Earnings Outlook for Shopify - The Zacks Consensus Estimate for Shopify's current year earnings has increased by 1.6% over the past month to $1.14, indicating growing analyst optimism [11]. - This increase in consensus estimates has contributed to a Zacks Rank of 2 (Buy) for Shopify, suggesting a favorable investment outlook [12].

When I last covered Shopify, Inc. (NYSE: SHOP ) on October 6th, 2024 with my article " Shopify: I Was Wrong ", the stock was attempting to recover from the major price lows that were printed during the August 5th, 2024Analyst’s Disclosure: I/we have a beneficial long position in the shares of SHOP either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no busin ...

I'm specialized in fundamental equity research, global macro strategy, and top-down portfolio construction. I graduated from UCLA with a degree of Business Economics and UMich Ross School of Business with a Master of Accounting. I'm a senior analyst at a multi-strategy hedge fund. In my opinion, HODL can't generate significant alpha or maintain a high Sharpe ratio over the long run. Seeking Alpha requires active management and minimizing opportunity costs. Investors should understand seeking a high positive ...

The company's platform is resonating with merchants of all sizes.It's been a roller-coaster ride for Shopify (SHOP -5.22%) shares this year, but since the summer, the stock has been on the ascent. After the e-commerce company delivered a strong third-quarter report Tuesday and offered upbeat guidance, its stock hit a new 52-week high. However, the stock is still far below the all-time peak it hit in 2021.With Shopify stock trading up more than 40% year to date as of this writing, it's natural to wonder whet ...

Shopify (SHOP) shares jumped 21% on Nov. 12 after the Canadian e-commerce company posted better-than-expected results for the third quarter and gave an optimistic forecast for the holiday shopping season. Shares of SHOP gained another 5.7% on Nov. 13 as investors’ optimism continued.The stock has a Zacks Rank #2 (Buy). SHOP shares belong to top-ranked (top 25%) Zacks Internet - Services industry and top-ranked (top 13%) Zacks Computer and Technology sector. SHOP’s earnings beat the Zacks Consensus Estimate ...

Shopify TodaySHOPShopify$115.13 +6.21 (+5.70%) 52-Week Range$48.56▼$115.62P/E Ratio107.60Price Target$94.95Add to WatchlistShopify’s NYSE: SHOP stock price action soared following the Q3 release because the results were good, more than good, showing the company's building momentum as it established itself as the go-to source for B2B eCommerce needs. Its unified, AI-enabled platform is gaining traction with businesses of all sizes, leading to four things investors like to hear: outperformance, accelerated p ...

Shopify (SHOP 5.67%) is accelerating revenue growth and has ambitions to take a larger share of the e-commerce market.*Stock prices used were the afternoon prices of Nov. 11, 2024. The video was published on Nov. 13, 2024. ...