SHOP Rises 21% Year to Date: Buy or Hold the Stock Post Q4 Earnings?

Shopify (SHOP) shares have surged 20.7% year to date, outperforming the Zacks Computer and Technology sector’s appreciation of 3% and the Zacks Internet – Services industry’s decline of 0.1%. Since the fourth-quarter 2024 results reported last Tuesday (Feb. 11), Shopify stock has appreciated 7%. The company reported impressive results for fourth-quarter 2024 non-GAAP earnings of 44 cents per share, in line with the Zacks Consensus Estimate. The figure jumped 29.4% year over year. Revenues of $2.81 billion s ...