Shopify Stock News

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.

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 ...

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, ...

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.

Stocks were lower and yields were higher on Tuesday, with markets reflecting the uncertain transition from campaign promises to real-world policies.

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 ...

Shares of Shopify soared more than 25% on Tuesday, marking their best trading day in a year after the e-commerce giant reported a robust third-quarter revenue increase. Shopify posted revenue of $2.16 billion, a 26% year-over-year increase, surpassing the FactSet consensus estimate of $2.1 billion.

A major focus for Shopify has been ensuring its merchants are equipped to reach consumers wherever they are, Shopify President Harley Finkelstein noted Tuesday (Nov. 12) during the company's third-quarter earnings call. By streamlining the shopping experience, Shopify officials want to connect its platform to key touchpoints across the digital landscape, including YouTube, TikTok, Roblox and In...