Shopify (SHOP) reachead $109.96 at the closing of the latest trading day, reflecting a -0.2% change compared to its last close.
Shopify's stock price performed strongly in 2024 as its business trajectory continued during the year. It jumped by over 40% during the year, outperforming the blue-chip Nasdaq 100 and S&P 500 indices.
Zacks.com users have recently been watching Shopify (SHOP) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Shopify's stock is up 67% on the six-months chart, mainly driven by a sticky merchant ecosystem, in my opinion, making it a buy for mid-to-long-term investors. Despite high competition, Shopify's market share is rising, with a 32% e-commerce market share in the US, and strong holiday season consumer spending expected to boost Q4 performance. Valuation metrics show high investor confidence, with rising price targets and EPS growth, though high multiples indicate a higher risk profile.
Shopify (SHOP) reachead $108.95 at the closing of the latest trading day, reflecting a +1.76% change compared to its last close.
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).
Shopify (SHOP) is well positioned to outperform the market, as it exhibits above-average growth in financials.
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.
Shopify (SHOP 3.06%) has become the go-to e-commerce solution for millions of merchants globally. That gives it tremendous power in the industry and also means it's going to benefit from growing e-commerce trends.
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