Why Shopify Stock Is Skyrocketing Today | The Motley Fool

4 days ago · Today's rally has pushed the stock to a new three-year high. Strong GMV growth powers Q3 beats for Shopify. Shopify posted net income of $344 million on sales of $2.16 …

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Why Shopify Stock Is Skyrocketing Today | The Motley Fool

1 week from now

4 days ago · Today's rally has pushed the stock to a new three-year high. Strong GMV growth powers Q3 beats for Shopify. Shopify posted net income of $344 million on sales of $2.16 …

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Shopify Shares Surge On Growth Outlook. Is It Too Late To Buy The …

1 week from now

1 day ago · Strong growth continues. In Q3, Shopify's revenue grew 26% year over year to $2.16 billion. That was an acceleration from Q2's 21% growth (25% when adjusting for the 2023 sale …

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Shopify (SHOP) Shares Skyrocket, What You Need To Know

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May 22, 2024 · Shares of e-commerce software platform Shopify (NYSE:SHOP) jumped 5.4% in the morning session after Goldman Sachs analyst upgraded the stock's rating from Neutral to …

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Shopify Shares Surge On Growth Outlook. Is It Too Late To Buy The …

1 week from now

With Shopify stock trading up more than 40% year to date as of this writing, it's natural to wonder whether it's too late to buy the stock. Against that backdrop, let's take a closer look at ...

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Shopify Stock Is Soaring Again: Should You Buy Shares?

1 week from now

Nov 10, 2023 · But with Shopify, if you run the numbers, all this and more seems to be priced into the stock right now. Over the last 12 months, Shopify has generated $3.25 billion in gross profit.

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Shopify's Comeback Story | The Motley Fool

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2 days ago · Look, if you paid 70 times sales at Shopify's peak in 2021, you are still down about 30%, but 30% is better than 90%, like a few other companies from that era I could mention, …

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Up 15% Over The Last Month, What’s Next For Shopify Stock?

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Nov 11, 2021 · Shopify stock rose 5.3% over a five-day trading period ending 11/9/2021, compared to the broader market (S&P500) which rose 1.2%.; A change of 5.3% or more over …

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Why Shopify Stock Rallied On Thursday - Yahoo Finance

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Feb 8, 2024 · Shares of Shopify (NYSE: SHOP) turned higher on Thursday, climbing as much as 7.4%. As of 1:45 p.m. ET, the stock was still up roughly 3%. While the broader market updraft …

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Why Shopify Stock Soared To A New All-Time High Today

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Nov 12, 2021 · Shopify's third-quarter revenue rocketed 46% year over year to $1.1 billion. More than 1.7 million merchants conducted a whopping $41.8 billion worth of retail sales on its …

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What’s Next For Shopify Stock After 8% Rise Last Week? - Forbes

1 week from now

Oct 20, 2021 · Shopify stock gained about 8% over the last week (five trading days), outperforming the S&P 500 which remains up by about 3% over the same period. However, …

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FAQs about Why Shopify Stock Is Skyrocketing Today | The Motley Fool Coupon?

Is Shopify stock still a good deal?

e-commerce shopping getting a package Shopify (TSX:SHOP) stock still looks like a great deal following an incredible quarterly showing. The post Shopify Stock Is Skyrocketing, and More Gains Look Likely appeared first on The Motley Fool Canada. ...

Why have Shopify shares soared higher?

Written by Joey Frenette at The Motley Fool Canada Shares of Canadian e-commerce firm Shopify ( TSX:SHOP) have been skyrocketing higher (by around 20%) following the release of some much better-than-expected second quarterly earnings results. ...

Is Shopify's stock overbought?

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. ...

Does the Motley Fool recommend Shopify?

The Motley Fool has positions in and recommends Shopify. The Motley Fool has a disclosure policy. Let's dive into whether the recent move we've seen in Shopify stock is sustainable, or if investors have something to… Well Health (TSX:WELL) is among the former post-pandemic high flyers that have been hit hard. Let's dive into what went… ...

What is Shopify's new price target?

The new price target represents a 25% premium from where shares traded when the upgrade was announced. The analyst added, "Given Shopify's significant technology moat in eCommerce software and share gain across eCommerce cycles, we believe these investments will drive more durable revenue growth at scale." ...

Is Shopify a profitable company?

Free cash flow soared from $97 million to $333 million, and it reported adjusted earnings per share of $0.26, up from $0.14 in the quarter a year ago and better than the consensus at $0.20. Shopify was also profitable on a generally accepted accounting principles (GAAP) basis with $171 net income, or $0.13 per share. ...