Shopify Continues Surging Higher (Rating Upgrade)
Shopify's Q3 earnings exceeded expectations with $0.35 EPS and $2.16 billion revenue, showcasing strong margins and earnings growth despite challenging consumer conditions. Shopify's valuation metrics, including forward P/E (98.67x) and forward P/S (16.25x), are significantly higher than industry peers, indicating potential valuation risks. Recent bullish rallies have pushed Shopify's stock into overbought territory, with key support levels at $77.12 and $65.86 critical for maintaining a bullish outlook.
Shopify Q3 Earnings: Strong Growth Momentum Continues, But Stock May Drop In The Near Term (Rating Downgrade)
Shopify's 3Q FY2024 earnings indicate strong underlying demand, with YoY growth accelerations in revenue and GMV, driven by successful price hikes and continued growth in merchants. The 4Q outlook could be even stronger, projecting higher sequential growth acceleration, significantly beating market consensus, with more volume growth expected due to the holiday season. Operating margin is expected to significantly improve in 4Q, reaching all-time highs, contributing to robust earnings growth and strong FCF generation.
Shopify Shares Surge on Growth Outlook. Is It Too Late to Buy the Stock?
The company's platform is resonating with merchants of all sizes.
Shopify Surges on Upbeat Q3: ETFs to Gain
Shopify shares surged 27.9% since reporting upbeat Q3 earnings. ETFs with heavy exposure to SHOP shares should gain.
Shopify Stock Rally Continues: Why the Growth Story Isn't Over
Shopify'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 performance, widening margins, and gained market share.
Why Is Shopify Stock Soaring, and Is It Too Late to Buy?
Why Is Shopify Stock Soaring, and Is It Too Late to Buy?
Shopify Earnings: A Good Quarter, But Not Enough To Justify The Share Price Reaction
The 21% daily jump of Shopify's share price following the Q3 2024 results seems excessive. Better-than-expected revenue growth and the strong guidance for next quarter are not enough to justify such a sharp movement. More importantly, issues remain regarding Shopify's much needed GAAP profitability improvements.
Why I Am Buying Shopify After Its Q3 Earnings
Shopify's Q3 2024 results show 26% YoY revenue growth, expanding profit margins, and robust GMV of $69.7 billion, highlighting efficient scaling and market reach. Balanced revenue streams with Merchant Solutions and Subscription Solutions both growing 26% YoY, and significant gains in B2B and international GMV. Strong financial health with $5.02 billion in cash, expanding free cash flow margin to 19%, and substantial operational leverage justify premium valuation metrics.
Shopify's Q3 Earnings Beat Drives Analyst Upgrades, Market Confidence
Shopify Inc SHOP shares were climbing on Wednesday after the company reported upbeat third-quarter earnings.
Shopify Shares Rise on Q3 Earnings Beat: Is the Stock a Buy?
SHOP's third-quarter 2024 results reflect a booming merchant base, expanding partnerships, and robust revenue growth.
Shopify Q3: Road To $137/Share, With Growing Market Share
Shopify Inc.'s Q3 FY24 earnings show a 26% YoY revenue growth, driven by strong GMV, increased Shopify Payments adoption, and expanding Shopify Plus subscription revenue. The stock has surged over 80% since July, with potential upside to $137 per share, representing a 26% increase from current levels. Key growth levers include enterprise and B2B merchant acquisition, offline channel expansion, international market penetration, and robust product innovation.
Shopify stock price is on fire today after an ‘outstanding' quarter, boosted by AI tools and a bright holiday sales forecast
Shares of Shopify (NYSE: SHOP) are skyrocketing in early-morning trading after the company announced its Q3 2024 results, which beat expectations. As of the time of this writing, SHOP stock is up an impressive 23% to above $110 per share.
