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Against that backdrop, let's take a closer look at Shopify's most recent results and its long-term prospects to see if the stock is still a buy. Strong growth continues In Q3, Shopify's revenue ...
It will be tough to be greedy with Shopify's stock today. To put it into perspective, Shopify has a price-to-sales (P/S) ratio of 16 and a price-to-earnings (P/E) ratio of 97. Amazon , on the ...
Also helping Shopify is the outlook for the e-commerce industry. To that end, Grand View Research forecasts a compound annual growth rate (CAGR) for the e-commerce industry of 19% through 2030.
Like many online-focused companies, Shopify's business and stock price boomed during the COVID-19 pandemic, with the latter hitting an all-time high of $169 in late 2021 (stock split adjusted).
Shopify stock initially fell after Amazon announced its Q4 results on Feb. 6, but the company releases its own year-end 2024 results on Feb. 11. ... Amazon said its weak outlook was due to the ...
Q1 2025 Outlook: Shopify expects revenue growth to be at a mid-twenties percentage rate on a Y/Y basis versus a consensus of ... Shopify stock is down 0.19% at $119.67 premarket at the last check ...
But that doesn't mean Shopify can't reach the $1 trillion milestone further into the future, given the overall e-commerce industry's outlook and recent developments at the company.
For now, Amazon remains a far larger company, boasting a market cap of over $2.2 trillion versus Shopify's market cap of approximately $140 billion. Will Shopify Stock Be Worth More Than Amazon by ...