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Shopify

Shopify: Commerce SuccessShopify continues to dominate the e-commerce platform space, making significant strides in expanding its ecosystem for businesses of all sizes. As the company integrates more deeply into social media and international markets, Shopify is well-positioned to benefit from both consumer demand and business needs for seamless online selling. This strong presence in the global e-commerce sector makes Shopify a compelling investment for those looking to capitalize on the continued shift to online retail. NYSE:SHOP Financial Performance Revenue Growth: Shopify reported revenue of $2.05 billion for Q2 2024, representing a 20.7% year-over-year increase. The company’s annual revenue is on track to exceed $7.76 billion in 2024, up 23.18% from the previous year. This strong growth has been driven by the expansion of its merchant solutions and Shopify Payments​ Earnings Beat: Despite macroeconomic headwinds, Shopify has maintained its profitability, with earnings coming in stronger than expected for several quarters. Analysts have upgraded the stock, citing its ability to continue growing in a competitive space Cash Flow: Shopify’s cash flow has remained robust, driven by its diversified revenue streams, including subscription solutions and payment services, allowing it to reinvest in international expansion and new technologies. Strategic Expansion & Innovations Social E-Commerce & Partnerships: Shopify has expanded its integration with social media platforms like YouTube, allowing more merchants to embed shopping experiences into video content. This positions Shopify to capture more sales in a fast-growing segment of e-commerce​ Cloud Infrastructure: The company continues to invest in improving its cloud-based infrastructure, allowing it to scale efficiently as more merchants come onboard. Its Shopify Plus platform, designed for larger enterprises, has seen significant growth. International Expansion: Shopify has continued its aggressive expansion into international markets, particularly in Europe and Asia, increasing its merchant base and revenue potential globally. Technical Analysis Stock Performance: Shopify’s stock has rebounded strongly from its lows earlier in the year, trading at $78.68 as of September 2024. This represents a 4.6% increase from the previous week. With a price target now upgraded to $99 by some analysts, there’s potential for a continued upward trend​ Valuation: Shopify’s price-to-sales (P/S) ratio is around 13.04, which, while high, is justified by its strong revenue growth and market-leading position. This suggests that investors are paying a premium for its potential to continue expanding rapidly​ Fundamental Perspective Shopify is one of the most compelling plays in e-commerce and SaaS. While it doesn’t currently pay a dividend, its high growth rate, strong financial performance, and strategic innovations make it an attractive investment for those looking for exposure to digital commerce. Upcoming Earnings Dates Q3 2024 Earnings: Expected November 2, 2024 Q4 2024 Earnings: Expected February 5, 2025 Shopify’s continued focus on social commerce and international growth makes it a strong buy for long-term investors, particularly those looking to ride the wave of e-commerce expansion globally. $78.68 NYSE:SHOP
NYSE:SHOPLong
by lognomics
SHOPIFY: The next Retail Stock to Take Flight! NYSE:SHOP 🚀 SHOPIFY: The Next Retail Stock to Take Flight! 100% MOVE INBOUND! 🚀 Share this so all retail investors are prepared before earnings next Tuesday! In this video, we’ll cover: 1️⃣ Fundamental Analysis: A deep dive into Shopify using my Valuation Analyzer. 2️⃣ Massive 3-Year Cup N Handle Pattern: What this means for $SHOP. 3️⃣ High Five Setup: How Shopify meets my proven trading strategy. You’ve seen NYSE:PLTR at ATHs, and NASDAQ:SOFI , NYSE:HIMS , and NASDAQ:TSLA pushing higher. We’re already in these trades, but staying ahead of the curve and finding the next big opportunity is key. Shopify is that next big opportunity IMO. We’re among the first to the party, and it’s not crowded… YET. My Mission: I aim to build a community that empowers traders to find their path and thrive. But I need your help to make this happen. Here’s What You Can Do: Share this post and the FREE video analysis I’ll release after the market closes on this company like wildfire. Let’s hit 1k friends and grow this community together! BUCKLE UP! IT'S A BANGER! 🎆 LIKE IT! ♥️ SHARE IT! 🔁 JOIN US! 📈 BOOKMARK IT! You are amazing, and I love you all! 🫶
NYSE:SHOPLong
by RonnieV29
2
Shopify Inc | SHOP & AIShopify stock has seen sideways momentum for the last few weeks despite posting good results in the recent quarter. One of the reasons is the bull run in early 2023 due to which the stock has seen over 60% jump in year-to-date. Shopify has been able to reignite revenue growth in the last few quarters and there are strong tailwinds that can help the company improve its topline. At the same time, Shopify has been able to improve the conversion of Gross Merchandise Value or GMV into revenue due to better services. Shopify’s GMV has increased 11x between the last quarter of 2016 and the last quarter of 2022. During this time, Shopify’s quarterly revenue base has increased from $130 million to $1.7 billion or 13x. Shopify’s GMV for 2022 was $195 billion and rapid growth in this key metric should help the company improve monetization. The company has also undertaken some cost-cutting which is having a positive impact on the bottom line. Analysts have forecasted Shopify’s EPS at $1 for fiscal 2025 which means that the stock is trading 60 times the EPS estimate of 2025. However, better monetization and focus on cost optimization could help the company deliver good EPS growth in the next few quarters. The PS ratio is also at 12 which is significantly lower than the pre-pandemic years. Shopify stock can deliver good returns in the long term as the company adds new services and improves its GMV growth trajectory. Shopify reported a GMV of $5.5 billion in December 2016 quarter. This has increased to $60 billion in the recent December 2022 quarter. Hence, Shopify’s GMV has increased to 11 times within the last seven years. On the other hand, Shopify’s revenue during the December quarter has increased by 13 times, from $130 million to $1.7 billion. This growth trend shows that the company is able to convert more GMV into actual revenue. One of the main reasons behind this trend is that Shopify is adding new services and it can charge customers a higher commission for these services. Shopify’s GMV for 2022 was a staggering $195 billion. The company has been able to reignite revenue growth in the last few quarters. The YoY revenue growth hit a bottom of 15% in June 2022. Since then the YoY revenue growth has picked up again as the company faces easier comps. In the recent quarter, the company reported YoY revenue growth of over 30% which is quite high when we consider that the GMV base of Shopify is more than $200 billion. The revenue growth will not build a bullish momentum for the stock unless the company can deliver sustainable profitability. During the pandemic years, Shopify’s revenue growth and high EPS helped the stock reach its peak. The company would need to focus on profitability in the next few quarters in order to rebuild a long-term bullish rally. Shopify has divested from its logistics business which should help improve the bottom line. We should also see better monetization of current services as the company tries to build new AI tools. The EPS estimates for 2 fiscal years ahead have steadily improved in the last few quarters. According to current consensus, Shopify should be able to deliver EPS of $1 in fiscal year 2025. However, it is highly likely that Shopify will beat these estimates as the company launches new initiatives to improve monetization of its massive GMV base. Shopify’s trailing twelve months EPS during the peak of the pandemic went to $2.6. If the company can get close to this EPS rate by 2025, we should see a significant bullish run in the stock. The recent cost-cutting should also help the company improve the bottom line. We have seen a similar trend in all the Big Tech companies who have reported a rapid growth in EPS as their headcount was reduced. While most analysts agree over the long-term revenue growth potential of Shopify, some of them are wary of the pricey valuation of the stock. Shopify is trading at 12 times its PS ratio. This is quite high when we compare with most of the other tech players and even Shopify’s peer like Wix (WIX), Etsy (ETSY), and others. However, it should be noted that Shopify’s PS ratio is significantly lower than the average PS multiple prior to the pandemic when the stock had an average PS ratio of over 20. Shopify’s revenue estimates for 2 fiscal years ahead is close to $10 billion which is equal to annualized revenue growth of over 25%. If we look at this metric, Shopify stock is trading at 7 times the revenue estimate of fiscal year 2025. This looks reasonable if the company can also manage to improve its EPS trend over the next few years. The long-term tailwind from ecommerce growth is still very strong. Shopify will benefit from an increase in GMV and a higher ecommerce market share in key markets. This should help the company gain pricing leverage over other competitors and also improve its monetization momentum Shopify has reported a faster revenue growth rate compared to its GMV growth in the last few years. This shows that the company is able to charge higher rate for additional services. There has been an acceleration in revenue growth over the last few quarters. Shopify has also divested from logistics services which were pulling down the profitability of the company. Shopify could deliver over 20% YoY revenue growth for the next few years as the company gains from strong tailwinds within the ecommerce business. If Shopify regains its earlier ttm EPS of $2 by 2025, we could see a strong bull run within the stock. While the stock is not cheap, it seems to be reasonably valued and longer-term investors could gain a better return from Shopify, making the stock a Buy at current price.
NYSE:SHOPLong
by moonypto
2
Shopify (SHOP): Is It Just the Beginning?Shopify has been one of our best entries this year, and we remain very bullish on it. From a technical analysis perspective, it's hard to make a bearish case for this stock. We've even seen a change of structure after catching the bottom on SHOP. We've already taken some profits off the table and moved our stop loss to break even for the initial trade. We're now expecting this surge to continue, and as a result, we're planning to place another limit order on Shopify, aiming to buy more if the price moves into the $59.38-$54.59 area. We prefer to enter manually to avoid getting triggered by any sudden news events. If our analysis is correct and this is indeed Wave 2, we could see a really nice rally in the near future on Shopify, potentially breaking the $90 mark and moving even higher. Let's see what Shopify has in store for us next.
NYSE:SHOPLong
by freeguy_by_wmc
3
Despite positive earnings, $shop still going to new lows.The earnings reaction was positive today which saw shares of shop go up over 20%, however we're already fading the news. The big picture is that we're in the process of a larger market wide correction that will bring all stocks down with it. If we look at the chart, even with the news today, price has just formed another lower high and is setting up for a large move lower. I don't think we'll see a bottom be put into the market until we test $31 or lower. Base case is we likely hit the two lower supports on the chart. Let's see what happens in the coming weeks.
NYSE:SHOPShort
by benjihyam
1
$SHOP Towards $70What do we see here? - NYSE:SHOP ended the day with a bullish outside day. - Previous HOD for May 31 is $59.23, can serve as resistance. - Previous weekly high is $60.11 and can also serve as resistance. - GAP to be filled to the upside $64.20 - $75.30. - RSI is at 39.24 and moving upwards slowly. - MACD (blue line) is above the signal (orange line), indicates continued bullish movement - 5-month monthly fibonacci patterns highlights potential resistance on 0.618 ($63.10) and 0.5 ($68.54) (which is the 0.618 of a bullish fib pattern on a larger time block - GAP also potentially to be filled to the downside $55.51 - $48.86)
NYSE:SHOPLong
by Brandonthrives
Shopify (SHOP): Continuing Sell-Off!Shopify (SHOP): NYSE:SHOP We've reintegrated Shopify into our portfolio after a lengthy period without analysis, believing we've witnessed the conclusion of a Wave 5, thereby completing this cycle (1). Consequently, we are now in Wave (2), anticipated to be a three-part correction downwards. Our target retracement ranges between 50% and 78.6%, equating to $57.60 and $38.24, respectively. The subordinate Wave 4 at $45.50 represents a critical level for Shopify, potentially marking a turning point. As long as we don't surpass the Wave 5 peak of $85.50, we don't foresee an upward continuation. Should we form Wave A, an Expanded Flat exceeding Wave 5 but not surpassing 138%, might be observed. If this threshold is breached, our current scenario would need revision, possibly interpreting the subordinate Wave 4 at $45.50 as our Wave (2), indicating we're in Wave (3). Unless this scenario unfolds, we maintain the view that we're in a downtrend, awaiting a significant Wave 2 correction. However, falling below 78.6% would likely lead to a sharp decline towards $23.64.
NYSE:SHOPLong
by freeguy_by_wmc
Shopify (SHOP): Preparing for a Long-Term Entry at $49.62Considering Shopify, the situation is unfolding as we anticipated. We expected the beginning of 2024 to potentially mark the peak for Shopify with the completion of Wave (1), indicating a Wave 2 correction. This correction is likely to find support between the 63.8% and 78.6% retracement levels. Currently, the pattern is showing lower lows and lower highs, suggesting that further price declines may occur, potentially closing existing gaps. Our strategy is still developing, but we plan to place a long-term entry at $49.62 with a stop-loss at $31.
NYSE:SHOPLong
by freeguy_by_wmc
SHOP range bound with potential for Bullish continuationHi guys so this is a Macro analysis on Shopify (SHOP). Recent weeks of price action have got my eyes on SHOP. Lets jump right in. This analysis is done on the 1 week timeframe thus supporting a Macro lens look on whats happening. As you can see, ive highlighted key area with an Orange rectangle. Below it, you can see candles attempting to get into it and getting rejected few times. However since Nov 2023 till present time, we've been inside the Orange rectangle. Recently, we've made it to the bottom of the Rectangle to test it as SUPPORT. We had about 3 weeks of Testing. With this weeks Candle printing a potential Large lower wicked Hammer candle. This can be an indication of a attempt to reverse our downtrend from $90ish. At the same time, we have Support confluence of this Ascending Channel. And our current candle attempting to break Resistance trendline that formed since Feb and local top of $90. Remember though a breakout above Resistance trendline is not enough. We would need confirmation of it acting as support. On top of that, at the posting of this idea. Our weekly candle has yet to close. Maintaining price Above 73.50 would be key. And to keep in mind that there is also Resistance Above $74.00 If things progress look to where the Upper trendline of Ascending Channel and the Upper border of Rectangle meet to potential target. Also keep an eye for updates on further signs/ clues to take into consideration to help us make informed decisions! __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on SHOP in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NYSE:SHOPLong
by SafofAllTrades
10
Shopify ($SHOP) Reported Q1 Revenue for 2024Canadian e-commerce platform Shopify ( NYSE:SHOP ) has reported its slowest quarterly revenue growth in two years, with its U.S. shares slumping 20.5% in premarket trading. The company's core clientele, small and medium-sized businesses (SMBs), have been more susceptible to the hit from sticky inflation. Analysts estimated current-quarter revenue to grow 19.35%, according to LSEG data. The company expects operating expenses to be up at a low-to-mid-single digit percentage rate for the second quarter, compared with a 4% fall in the first three months of the year. Shopify ( NYSE:SHOP ) reported first-quarter revenue of $1.86 billion, compared with analysts' average estimate of $1.85 billion. Excluding items, earnings of 20 cents per share also topped expectations of 17 cents. Shopify Inc. ( NYSE:SHOP ) announced financial results for the quarter ended March 31, 2024. Harley Finkelstein, President of Shopify, said that the company had a strong start to the year, building on the performance of 2023, delivering year-over-year revenue growth for the quarter of 23%, or 29% when adjusting for the sale of its logistics businesses, combined with 12% free cash flow margin. First-Quarter Financial Highlights Gross Merchandise Volume1 ("GMV") increased 23% to $60.9 billion, an increase of $11.3 billion over the first quarter of 2023. Revenue increased 23% to $1.9 billion compared to the prior year, resulting in a year-over-year growth of 29% after adjusting for the sale of its logistics businesses. Merchant Solutions revenue increased 20% to $1.4 billion compared to the prior year, driven primarily by the growth of GMV and continued penetration of Shopify Payments. Gross Payments Volume2 ("GPV") grew to $36.2 billion, representing 60% of GMV processed in the quarter, versus $27.5 billion, or 56%, for the first quarter of 2023. Subscription Solutions revenue increased 34% to $511 million compared to the prior year, driven by the growth in the number of merchants and pricing increases on our standard subscription plans. Monthly Recurring Revenue as of March 31, 2024 increased 32% to $151 million compared to the prior year, driven by continued growth across all of our subscription plans. Gross profit dollars grew 33% to $957 million compared to the prior year. Gross margin for the quarter was 51.4% compared to 47.5% in the first quarter of 2023, driven primarily by the lack of the dilutive impact of the logistics businesses and changes in pricing from standard plans, partially offset by the continued growth of Shopify Payments. Free cash flow was $232 million compared to $86 million in the prior year, and free cash flow margin for the quarter was 12% compared to 6% in the first quarter of 2023.
NYSE:SHOPShort
by DEXWireNews
SHOP - Back to bullish after correction - BullishNYSE:SHOP -Positive trend and following trendlines -Exceptions on Octobers (different low trendline) -Just did a correction and filled a vector -Already hit the 50EMA in the daily timeframe, and very close to hitting the 800EMA in the hourly timeframe -A huge gap ~85.5 to be filled, and possible higher targets -Stop loss slightly lower than ~70 (as it means it broke the strong support) The fun part with this trade is low risk (only ~4% loss with possibly ~18% profit) *Not Financial Advice*
NYSE:SHOPLong
by a_ag
1
SHOP - Do you believe in Cup & Handles? SHOP made a beautiful good ol’ Cup & Handle pattern and breaking out of it . I’ve a sizable position already from the lows. It’s already 2x from the bottom and has potential for 2x more from here. If market conditions favors the growth names , we can see 2x soon. 70 level acting as support here. 45 would been optimal entry but if you are going long here , have a tight stop around 70. Target #1 - 98 Target #2 - 120 Target #3 - 150; Won’t be an easy target, can shakeout here.
NYSE:SHOPLong
by just4tradin
2
Shopify Q4 revenue tops Street estimatesShopify ( NYSE:SHOP ), the Canadian e-commerce giant, recently reported its fourth-quarter earnings, causing a stir in the market. While the company surpassed expectations in terms of earnings and revenue, its guidance for the upcoming quarter fell short, triggering a significant dip in its stock price. Let's delve deeper into what these results mean for investors and Shopify's future trajectory. Strong Q4 Performance: Shopify's ( NYSE:SHOP ) fourth-quarter results showcased impressive performance, with earnings per share reaching 34 cents adjusted, surpassing analysts' expectations by 3 cents. Revenue also exceeded forecasts, totaling $2.14 billion, fueled by a remarkable increase in gross merchandise volume (GMV) to $75.1 billion, a 23% rise from the previous year. This robust performance was primarily attributed to the surge in products sold on its platform, highlighting Shopify's continued relevance and dominance in the e-commerce landscape. Guidance Woes: Despite the stellar fourth-quarter results, investors were disheartened by Shopify's ( NYSE:SHOP ) conservative guidance for the first quarter. The company's projection of a "low-twenties percentage rate" revenue growth, coupled with a free cash flow margin expected to be in the high single digits, fell short of market expectations. Notably, Shopify's forecasted adjusted operating income of $178 million starkly contrasts with consensus estimates of $382 million, painting a picture of cautious optimism amidst market uncertainties. Market Response: The market response to Shopify's ( NYSE:SHOP ) guidance was swift and unforgiving. The company's shares tumbled approximately 10% in early trading following the earnings release, reflecting investor concerns over the gap between projected and anticipated performance metrics. Analysts from Wedbush emphasized Shopify's subdued outlook, highlighting the disparity between projected operating income and consensus estimates. This sentiment was echoed by the broader market, with many investors adopting a wait-and-see approach amidst lingering uncertainty. Future Prospects: Despite the short-term market turbulence, Shopify ( NYSE:SHOP ) remains well-positioned to capitalize on the burgeoning e-commerce landscape. The company's relentless focus on innovation and expanding its product offerings underscores its long-term growth potential. Additionally, Shopify's strategic divestiture of its logistics business signifies a commitment to streamlining operations and maximizing shareholder value. As the global economy continues to recover from the impacts of the pandemic, Shopify's ( NYSE:SHOP ) resilient business model and unwavering commitment to customer-centricity are poised to drive sustainable growth in the years to come. Conclusion: Shopify's fourth-quarter earnings report elicited mixed reactions from investors, with strong performance overshadowed by conservative guidance for the upcoming quarter. While short-term market fluctuations may unsettle some stakeholders, Shopify's robust fundamentals and strategic initiatives signal a promising future ahead. As the e-commerce landscape evolves, Shopify ( NYSE:SHOP ) remains a stalwart player, poised to capitalize on emerging opportunities and deliver long-term value to shareholders.
NYSE:SHOP
by DEXWireNews
Navigating the Melody of Shopify: A Symphony of Bullish ProspectAs e-commerce continues to shape the retail landscape, Shopify (NYSE: NYSE:SHOP ) emerges as a key player, catching the attention of investors with a crescendo of positive indicators and cautious notes. Let's delve into the harmonious symphony that surrounds Shopify's recent performance. 1. A Harmonious Prelude: Bullish Analyst Report The stage is set with Wells Fargo analyst Andrew Bauch reaffirming an overweight rating on Shopify, echoing confidence in the company's growth potential. Bauch's upward revision of the price target from $80 to $90 per share suggests a bullish outlook, inviting investors to join the melody of optimism. 2. Crescendo of Holiday Cheer: Stellar Performance in Shopping Season The sound of success resonates as Shopify's stock experiences a 67% surge in the last three months, fueled by a robust holiday shopping season. The company's impressive $9.3 billion in Black Friday/Cyber Monday sales strikes a chord, providing a strong prelude to what investors hope will be a resounding fourth-quarter report. 3. Anticipation Builds: Overture to the Earnings Report The anticipation crescendos as investors eagerly await Shopify's fourth-quarter report scheduled for February 13. The positive momentum from the holiday season sets the stage for potential revelations about the company's financial health and growth trajectory. The earnings report promises to be a defining movement in the Shopify symphony. 4. Technical Dynamics: A Rising Trend Channel The technical score unveils a rising trend channel in the medium to long term, a melody of positive investor sentiment and confidence. However, the cautionary notes underscore the importance of monitoring the support level at $79.52, introducing a nuanced counterpoint to the upbeat tune. Conclusion: As the symphony of Shopify plays on, investors find themselves at a crossroads, balancing the uplifting melodies of positive indicators with the sobering cautionary notes. The upcoming earnings report is poised to be a pivotal movement, shaping the narrative of Shopify's journey. In this complex composition, finding harmony involves staying attuned to both the highs and lows, navigating the melody with a discerning ear, and appreciating the nuanced dynamics that contribute to the overall performance of this e-commerce virtuoso.
NYSE:SHOPLong
by DEXWireNews
Bullish on $SHOPNYSE:SHOP Shopify Inc. ( NYSE:SHOP ) is currently experiencing a bullish momentum in the market, with its recent breakthrough of the $68 resistance level. This surge in price action has captured the attention of investors and analysts, as the stock is now targeting the next major price point at $89 (Will be taking partial profit at this level) and ultimately aiming for $150 price point. The upward trend in Shopify's stock performance can be attributed to several factors, including the company's strong market presence and innovative approach to e-commerce solutions. As the digital landscape continues to evolve, Shopify has consistently demonstrated its ability to adapt and capitalize on emerging trends, making it an attractive option for investors seeking growth opportunities. The recent financial results have showcased Shopify's robust revenue growth and strong market positioning. These factors have contributed to the bullish sentiment surrounding the stock, as investors anticipate further growth and potential price appreciation in the near future.
NYSE:SHOPLong
by EgideSimba
6