Shopify's share price tanked after its latest earnings release. It sports a high valuation, so it can't support any missteps.
SHOP has pulled back drastically since the recent earnings call, presenting a massive buying opportunity near to our previous recommended entry point of $65s. We believe that the market has over-reacted, since the SaaS company's FQ1'24 operating margins and FQ2'24 guidance still suggest profitable growth trend after the logistics business divestiture. SHOP's sticky consumer base, robust monthly recurring revenue/ subscription growth, and international opportunities make it a compelling buy.
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.
Cathie Wood bought shares of Shopify, Intellia, and Adaptive Biotechnologies on Tuesday. Shopify has surrendered 26% of its value over the past two weeks since posting disappointing guidance.
The shares of Shopify Inc (NYSE:SHOP) are 3.3% higher in premarket trading following a bull note from Goldman Sachs.
Cathie Wood is known for investing in some of the most innovative companies in the world.
It's been a tough couple of weeks for investors of Shopify Inc. NYSE: SHOP. Indeed, while the broader market has been setting record highs since the final weeks of last year, shares of the e-commerce platform have been sinking some 40% from their high in February.
It's been a tough couple of weeks for investors of Shopify Inc. NYSE: SHOP. Indeed, while the broader market has been setting record highs since the final weeks of last year, shares of the e-commerce platform have been sinking some 40% from their high in February.
Shopify Inc.'s steep post-earnings selloff highlighted its underperformance among peers in the latest earnings season. Despite its otherwise strong outlook, the stock was punished for higher opex spend expectations and a weaker-than-expected price increase benefit in the months ahead. However, Shopify Plus adoption remains strong, with a significantly outsized contribution to Shopify's growth and margin expansion at scale.
Shopify's shares dipped on yet another misunderstood quarter. Granted, shares still aren't the best value out there, even after the recent selloff.
Shopify's growth is projected to slow down in the current quarter. AI tools can help merchants be more successful, which can benefit Shopify.
Many investors are disappointed in Shopify's recent guidance for the year ahead. Is it time to bet on the company's long-term prospects or wait for a lower price?