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Jennifer Saibil, The Motley Fool. September 4, 2024 at 8:03 AM. Shopify (NYSE: SHOP) stock soared 21% in August according to data provided by S&P Global Market Intelligence. It delivered an ...
After rising 25% this week, Shopify now trades at a market cap of $88 billion. Its revenue keeps climbing, management is flexing its pricing power muscles, and the free-cash-flow margin is ...
*Stock Advisor returns as of July 2, 2024. Ryan Downie has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Shopify. The Motley Fool has a disclosure policy.
Shopify stock trades at a price-to-sales ratio of 13 and a forward P/E ratio of 55. That's a premium valuation, and it implies market confidence in Shopify's potential.
Left wrote another report about Shopify in April 2019, stating he believed Shopify's stock price would come down 50% in the next 12 months. [120] In January 2020, Left announced in his annual letter to investors that Citron Research had exited the short position. The reports did not lead to an investigation into Shopify by the FTC. [121]
September 13, 2024 at 5:30 AM. Investing in Shopify (NYSE: SHOP) stock could bring unexpected challenges at its current stage. Although the stock price peaked more than three years ago, it trades ...
September 1, 2024 at 4:07 AM. Cathie Wood developed a reputation as a prescient stock picker as her flagship fund, the Ark Innovation ETF (NYSEMKT: ARKK) more than doubled in 2020, along with ...
Strong results and outlook. In Q2, Shopify grew its revenue 21% year over year to $2.05 billion, or 25% when adjusting for the sale of its logistics business. Gross merchandise volume (GMV ...