Shopify Q2 Preview: Anticipate Growth Momentum To Continue, But Stock Overvalued

I assigned a Sell rating to Shopify Inc. (NASDAQ: SHOP ) in November 2024, discussing its e-commerce automation and future growth. I favor the management’s strategy to develop its payment solutions and an increasing focus on profitability growth. However, I continueAnalyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. ...