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Shopify Inc. (SHOP)

NYSE - NYSE Delayed price. Currency in USD
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1,465.90+28.75 (+2.00%)
At close: 4:00PM EDT
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  • K
    Kenneth
    Was looking at Shopify's Earnings Estimate and current ranking on Zacks which is Strong Buy #1.
    https://www.zacks.com/stock/quote/SHOP/detailed-estimates
  • K
    Kenneth
    Watch revenues and earnings from Fedex after the close as this is always an indicator as to how well e-commerce is doing in the quarter along with future guidance.
  • K
    Kenneth
    Shopify this last quarter is growing so fast that it drew more online traffic to it's sites than Amazon did it's. Unbelievable!
  • K
    Kenneth
  • T
    TJ
    FedEx also warned that it's seeing a slowdown in e-commerce demand as people return to shopping at physical stores.
    https://finance.yahoo.com/news/fed-ex-just-painted-a-disturbing-picture-of-the-job-market-160422695.html

    TJ
  • K
    Kenneth
    Shopify has a 6.22B sales estimate for 2022 which is only a forward EV/S of 29. That in itself will continue to push the stock price higher. Now that Covid is on the rise again online commerce stocks are going come to the forefront. As I said before the average price target rose almost 18% over the previous quarter to 1734.74 with a high price target of 2000.00 by 22 analysts on tipranks. So everything is pointing in one direction whether your talking about site traffic, merchants, social media partnerships, gross sales and earnings. All heading higher.
  • M
    Mayling
    Shopify and Tinder did a collaboration.
    -- " 78% of American daters would date a small business owner, and 71% would date an entrepreneur.
    -- Gen Z’s and Millennials (18-29 years) are the generations most interested in dating entrepreneurs, with 70% mentioning they would be interested.
    -- Since the pandemic, over half of American daters (56%) are interested in starting their own businesses, and 54% are interested in co-owning a business."

    I think the clearest path to success is the one where you can enjoy the best resources and support

    "Full Dating and Entrepreneurship Survey Results" The article points out that use of the word "entrepreneur" appeared in dating profiles 25% more between April 2020 - July 2021

    https://news.shopify.com/love-at-first-sale-entrepreneurship-is-hotter-than-ever-according-to-shopify-and-tinder
    Shopify shares results from a consumer survey of American daters, and how two young entrepreneurs met on Tinder then built a thriving Shopify business together
    Shopify shares results from a consumer survey of American daters, and how two young entrepreneurs met on Tinder then built a thriving Shopify business together
    news.shopify.com
  • K
    Kenneth
    According to Tip Ranks the average price target over the last quarter has now risen 17.85% to the upside. The average stock price target for Shopify is 1734.74. The lowest price target is 1450.00. The highest price target is 2000.00. Analyst's that participated in the price target survey's were the likes of Wedbush, Goldman Sachs, William Blair, Barclay's, Credit Suisse and others. Twenty two analyst's rating Shopify.
  • R
    R
    Shopify has filed for an up to $10 billion mixed shelf offering in July. When should we expect to see some class A shares offered?
  • K
    Kenneth
    Those wondering about Cathie Woods from Ark Fund's position on Shopify no longer have to worry as yesterday in a business article she made is clear how positive she is on Shopify. The headline read This Company That Cathie Woods See's Benefiting From Instagram, Tic Tok's Commerce Push Has Outperformed Amazon By 300% This Year. Shopify's revenue has grown faster year to date and over the past five years. That's why Jeff Bezos stated he was concerned about Shopify's sales trajectory. This is the evidence which continues. ARKF Shopify ranks second in the portfolio and seventh in ARKK and ARKW. Cathie Woods remains bullish and stated that Shopify will benefit from social commerce.
  • K
    Kenneth
    Shopify has now passed Amazon in the number of visitors to there powered brand sites versus Amazon globally.
  • K
    Kenneth
    Cathie Woods holds shares of Shopify for large triple digit gains currently-- that are usually on sale.
    https://www.tidewaternews.com/business/cathie-wood-holds-these-stocks-for-big-triple-digit-upside-and-theyre-on-sale/
  • K
    Kenneth
    Foxhaven Asset Management Fund is recommending Shopify along with 9 other stocks today.
    https://finance.yahoo.com/news/10-stocks-buy-now-according-134222825.html
  • A
    AndrewF
    Just pulled the trigger on more SHOP shares today. Told you all it was just a correction.
  • D
    DonDraper
    Shop just pulled the rug out from all their customers. One of the strongest reasons to be a Shopify customer is the ability to manage all your sales in one place, I call it the "Hub" of online sales. Shopify calls these channels. You can manage your Shopify sales, along with Facebook, Ebay, Walmart and Amazon.
    WELL, shopify has told customers starting on September 26 they will NO LONGER SUPPORT THE AMAZON Channel. Considering most of Shopify's customers came from the closure of Amazon's WebStore as a gift this move is a BIG insult to it's customers. Without this channel customers will not be able to process amazon orders or sync inventory data, along with a lot of other issues for customers to deal with right before the holidays. OF COURSE the reference 3rd party plugins that can do the job for you (most of which don't even have any reviews, no kidding like 3 customers) and at a cost that equals about what you pay to be a Shopify customer for the year. So double pricing.
    Myself being a shopify customer and past share holder (I did very well) I can say I will be shopping for a NEW shopify.
  • K
    Kenneth
    Today by the way had markets down as a result of Chinese real estate company defaulting on there debt. I don't think you will see much U.S. exposure to there bonds. Second is the concern over the two day meeting with the Fed. Don't see much change there. And last Covid concerns again on the rise as airlines and hotels cutting fourth quarter estimates. The last time that happened even retail brick and mortar took a hit and online e-commerce accelerated. Looks like another repeat year of acceleration on e_commerce.
  • I
    Ilfat
    Why no one is saying the obvious:
    1) high volume while dip 3%
    2) low volume the next day with only 0.2% raise (only 6% of loss is recovered)
    3) dip during after-hours
    Conclusion: the stock price will only go down from now:)
  • M
    Mayling
    One of those ho-hum perfectly sideways days, closing red to N, green to S, <50% average volumes. About 8 weeks remaining to the always-anticipated BFCM Show, thrilling like the Super Bowl. Shopify will ignore all media, and media with use the name to generate clicks. Price can be all over the place, Breath deep.
    --Also, a reminder to everybody that SFN is less than midway through the 3rd year of a 5 year plan. Their rollouts are generally phenomenal.
  • A
    AndrewF
    The SHOP buying opportunity will present itself but I am not buying until I’m sure the selling is over. This selling will likely persist throughout the week so I highly encourage all who are thinking of pulling the trigger to not try and catch a knife while it is falling. Wait until it hits the ground. It’s September the market typically has a big correction around now, and for the moment sentiment is bearish. You decide for yourself what you’re going to do but I know this story. I’m waiting until the end of the week at the earliest to buy in.
  • K
    Kenneth
    To show you how fast e-commerce is growing I got to see Amazon Air which is currently in Boone County, Kentucky. They are currently trying to hire 3,000 employees. They have currently 7 planes and are expected to get to 121 within a year. Fulfillment services are ramping up big time for Shopify as they are rapidly expanding also as both are having trouble keeping up with demand. Further employment demand is also rising for both companies. Right now the employment demand isn't being met. Just not enough people to fill jobs.