Shopify Inc. (SHOP) shared fourth-quarter earnings that exceeded analyst expectations, and yet, the stock is down more than 10% so far in Tuesday morning’s trading session. It’s the outlook for expenses that has investors and analysts concerned. The e-commerce platform provider posted a net income of $657 million for Q4, a dramatic turnaround from [...]
Shopify (SHOP) shares got a nice 22% boost in Thursday morning’s trading session after the company reported third-quarter earnings that beat expectations on both the top and bottom lines. The e-commerce platform also provided upbeat guidance for the remainder of the year. Revenue of $1.71 billion outperformed the analyst expectation of $1.67 billion. This [...]
Amazon announced that it has reached an agreement for an enhanced collaboration with Shopify (SHOP) yesterday after the market closed. Shares rose in extended trading and they picked right back up this morning, as the stock has gained more than 9% so far in Thursday’s session. Amazon and Shopify already had a partnership in [...]
Shopify (SHOP) investors were delighted to witness a 27%+ jump in stock price this morning. But, those who have been invested in the company for a while are even more excited about the long-term outlook for the company, as the news that got us here today is that Shopify announced the sale of its [...]
After a tough 2022 for Shopify, it appears things are headed back in the right direction - and analysts at Deutsche Bank have taken a strong bullish stance on the stock. What are they seeing that caused them to change their rating for SHOP from HOLD to BUY? And, is now the time for [...]
Shopify has made moves this morning after reporting Q3 earnings that were better than anticipated. So far, the cloud-based eCommerce platform is up 18% as of 1:30 pm EST. And while this is definitely a step in the right direction, investors and analysts alike are still not sure the time is quite right for Shopify.Nevertheless, [...]
