Shopify: I Was Wrong (Rating Upgrade)
Shopify's stock has rebounded over 43% since my last coverage, outperforming the S&P 500, driven by strong earnings and forward guidance. Shopify's Q2 earnings beat expectations with $0.26 per share and $2.05 billion in revenue, showing robust growth despite challenging consumer spending conditions. Recent price action has been stable, with support zones established, suggesting potential for further gains if resistance at $91.57 is breached.
Is Shopify Stock a Buy at Under $100?
Shopify stock is far from its all-time high, but the company is more profitable today.
Shopify stock analysis: valuation concerns remain, Oct. 25 will be key
Shopify (SHOP) stock price has crawled back recently, fueled by improving business conditions, a strong equity market, and the ongoing interest rate cuts by top central banks. The stock rose to a high of $82.45, its highest level since February this year, and 236% above its lowest point in 2023.
Shopify (SHOP) Is Considered a Good Investment by Brokers: Is That True?
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Why Shopify (SHOP) Outpaced the Stock Market Today
The latest trading day saw Shopify (SHOP) settling at $79.10, representing a +0.83% change from its previous close.
Shopify (SHOP) Is Up 0.62% in One Week: What You Should Know
Does Shopify (SHOP) have what it takes to be a top stock pick for momentum investors? Let's find out.
Shopify's Momentum: Strong Earnings and Strategic Growth in the Face of Economic Headwinds
Over the past few quarters, Shopify's stock has been on a rollercoaster ride, with notable price volatility. However, the company's Q2 FY24 earnings report brought some much-needed optimism, as the stock surged over 22% on the day of the announcement last week.
Shopify set for revenue acceleration, profitability inflection in 2025: analysts
Shopify Inc (TSX:SH., NYSE:SHOP) received a boost on Monday after Citi reiterated its Buy rating on the e-commerce platform, citing expected growth in the second half of 2024 and improved profitability beginning in 2025.
Why Shopify (SHOP) is a Top Momentum Stock for the Long-Term
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
Shopify Inc. (SHOP) is Attracting Investor Attention: Here is What You Should Know
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.
A Stock Market Rally Could Start in October: 2 Brilliant Growth Stocks to Buy Now and Hold Long-Term
Historically, stock market rallies have often started in October due in part to holiday spending. Shopify is the market leader in e-commerce and omnichannel commerce software.
AI Stock And Shopify Partner Klaviyo Hits First Buy Point Since IPO
AI stock and Shopify partner Klaviyo broke out past its first entry last week. The marketing automation provider went public in September.
