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Shares have soared 119% since the start of 2023, and today, they trade at a price-to-sales (P/S) ratio of 12.8. While this multiple is lower than the stock's historical average of 22, it's still ...
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 ...
Redburn Atlantic upgraded Shopify stock on Tuesday morning from neutral to buy. ... It gave the stock a price target of $99, implying 33% upside. Is Shopify a buy at $74?
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 ...
Canada-based e-commerce giant Shopify (NYSE:SHOP) closed down more than 10% today as part of a broader market downturn. SHOP stock price predictions are running hot today as investors try to make ...
Shopify Inc. Shopify Inc., stylized as shopify, is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario. Shopify is the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems. [3] The platform offers online retailers a suite of services including; payments, marketing, shipping and ...
Today, the stock trades at a forward price-to-earnings (P/E) of 67. That's a premium valuation for any company, even one growing like Shopify. But the stock started 2024 with a forward P/E ratio ...
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 ...