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.
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Shopify: Not Profitable Enough To Justify The Stock Valuation