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.
Shopify Analysts Boost Their Forecasts Following Q3 Earnings Results
Shopify Inc SHOP reported better-than-expected third-quarter sales on Tuesday.
Shopify (SHOP) Shares Surge After Q3 Earnings: Time to Buy?
Drifting toward 52-week highs in recent weeks, Shopify (SHOP) shares soared another +20% on Tuesday after reporting strong Q3 results this morning.
Shopify Q3: Strong Growth In Large Merchants, But Stock Overvalued
I maintain a “Sell” rating for Shopify Inc., citing overvaluation despite strong growth and a fair value estimate of $87 per share. Shopify's Q3 results exceeded expectations with 26% revenue growth and 24% GMV growth, driven by e-commerce automation tools like Shopify Flow. Future growth is anticipated from large merchants, international expansion, and GMV growth, but I project revenue growth will decelerate over time.
