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SHOP - Shopify: Not Profitable Enough To Justify The Stock Valuation
February, 19 2024 11:17 PM
Shopify Inc. Class A Subordinate
2024-02-19 23:17:36 ET
Summary Shopify's Q4 earnings beat expectations, with year-over-year revenue growth of 24%. The company is expanding its Shopify Fulfillment Network to improve speed and efficiency. Shopify is introducing AI-powered additions to its product and service portfolio, including an AI shopping assistant. Long-term stock returns could be good, but short-to-medium-term volatility is expected due to the valuation. Considering the lack of earnings stability so far, my analyst rating for SHOP stock is a Hold. ...
For further details see:
Shopify: Not Profitable Enough To Justify The Stock Valuation
Stock Information
Company Name:
Shopify Inc. Class A Subordinate
Stock Symbol:
SHOP
Market:
NYSE
Website:
shopify.com
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