It hasn't been a great year for this e-commerce company, but it has a vote of confidence from one of Wall Street's famous names. Few money managers have grabbed more headlines than Cathie Wood in the past few years. The chief executive officer of ARK Invest grew in prominence when her investment firm's actively managed exchangetraded funds (ETFs) crushed the market in the early days of the pandemic. Though her performance has been tamer since, there is still plenty to learn by paying attention to her stock ...

Shopify stock has struggled in recent years, but it still possesses attractive growth opportunities.E-commerce is a great place to invest for the long term. The global e-commerce market will expand at a compound annual growth rate of 18.9% between now and 2030, when it will be worth approximately $83.3 trillion, according to estimates from Grand View Research.One company likely to be a key part of that growth is Shopify (SHOP -2.39%). Its e-commerce platform makes it easy for merchants to sell products and ...

The company could very well deliver a better-than-expected third-quarter earnings report next month.The runway is long for Shopify (SHOP -0.61%) stock, at least in the opinion of one analyst tracking the company. After examining a ream of fresh data, this prognosticator put a hefty raise in his target on the e-commerce facilitator's share price while maintaining his bullish recommendation. Not all analysts are believers in Shopify's future, so is this optimistic view warranted?21% upside potentialLast week, ...

Shopify to Announce Third-Quarter 2024 Financial Results November 12, 2024October 22, 2024 7:00 AM EDT | Source: ShopifyInternet, Everywhere--(Newsfile Corp. - October 22, 2024) - Shopify Inc. (NYSE, TSX: SHOP) plans to announce financial results for its third quarter, which ended September 30, 2024, before markets open on Tuesday, November 12, 2024.Shopify's management team will host a conference call to discuss the third-quarter results at 8:30 a.m. ET on Tuesday, November 12, 2024. The conf ...

Core Viewpoint - Shopify's stock is currently down 51% from its all-time highs in 2021, but the company is showing signs of recovery with strong growth drivers and renewed profitability [1] Company Overview - Shopify provides an e-commerce platform for businesses of all sizes, enabling them to sell online [2] - The company has successfully navigated increased demand during the COVID-19 pandemic and has expanded its service offerings [2] - Shopify has overcome previous challenges related to rapid expansion and is now reporting healthy growth alongside stronger profitability and free cash flow [2][3] Industry Context - E-commerce still represents a small portion of total retail sales, with a shift towards omnichannel shopping preferences among consumers [4] - Shopify's platform allows businesses to establish an online presence quickly and connect physical stores to a broader customer base [4] - E-commerce sales were $5.8 trillion in 2022 and are projected to reach $8 trillion by 2027, with e-commerce expected to grow from 19.5% of total retail sales in 2023 to 23% by 2027 [5] Market Position - Shopify holds approximately 30% of the U.S. e-commerce software market and is the largest platform in this space [5] - The company is focused on gaining international market share, with a 30% year-over-year increase in merchants joining the platform in Q2 [5] Financial Performance - Shopify's stock is currently trading at 60 times forward one-year earnings, indicating high growth expectations baked into the price [7] - The company has a market capitalization of $107 billion, and while it has the potential for significant long-term growth, short-term stock performance may be less spectacular [7]

Shopify (SHOP) shares have appreciated 21.1% in the past month, outperforming both the Zacks Computer & Technology sector and the Zacks Internet Services industry. Over the same timeframe, the sector and industry have gained 6.3% and 9.8%, respectively. The outperformance in SHOP’s shares can be attributed to the positive impact of the 50-basis-point rate cut by the U.S. Federal Reserve in September. The higher-than-expected cut is expected to have aided the small and medium businesses, which form Shopify’s ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Shopify (SHOP) , which belongs to the Zacks Internet - Services industry.This cloud-based commerce company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 27.50%.For the last reported quarter, Shopify came out with earnings of $0.2 ...

San Francisco, CA, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Blueshift, a leading CDP and cross-channel marketing platform, is thrilled to announce the launch of its new Shopify App Integration, designed to help e-Commerce brands unlock the full potential of their customer data. This integration allows Shopify users to synchronize customer data, shopping behavior, and transactional information seamlessly with Blueshift’s AI-powered platform, enabling more personalized, automated marketing campaigns. Alongside this ...

The data underlines Shopify as a high-quality growth stock priced to generate stellar long-term returns.The stock market continues to march higher, making it harder to find the no-brainer buying opportunities that can set investors up for big-time returns. Still, there is always a deal somewhere, and Shopify (SHOP 5.49%) jumps off the page as a table-pounding buy today.Sure, the stock has had a tough couple of years and trades at only half its all-time highs, and no, you shouldn't buy a stock simply because ...

Both stocks are riding the wave of industries with powerful long-term tailwinds.Interest-rate cuts are often perceived as good for equities for at least two reasons. First, since lower interest rates make it easier for companies to borrow money, they can help spear business growth. Second, lower interest rates mean fixed-income assets, like bonds, lose some of their appeal compared to stocks, so many investors switch over to and bid up equities.The relationship between interest rates and the stock market is ...