SHOP - Shopify Stock Bounces Back As Analysts React To Q4 Earnings | Benzinga
Shopify, Inc. (NYSE:SHOP) reported better-than-expected fourth-quarter earnings this week, but issued light guidance for the current period. Here's a look at early reactions from several Shopify analysts.
Analyst Take: RBC Capital Markets analyst Paul Treiber was the most bullish on Shopify following earnings as he sees the company's success in new markets, including digital advertising, as a driver for long-term margin expansion.
In Shopify’s quarterly report, the company said it expects its 2024 gross margin to be 150 basis points higher on a year-over-year basis.
RBC also made note of Shopify's attractive positioning within its large total addressable market. The analyst ...