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Stock impact report

Citizens Reaffirms Outperform Rating on Shopify (SHOP) as European Share Expands [Yahoo! Finance]

Shopify Inc. - Class A Subordinate Voting Shares (SHOP) 
Last shopify inc. - class a subordinate voting shares earnings: 2/12 07:00 am Check Earnings Report
US:NYSE Investor Relations: investors.shopify.com/home/default.aspx
Company Research Source: Yahoo! Finance
rating on Shopify Inc. (NASDAQ:SHOP) on December 4, emphasizing the company's impressive European performance as a major factor in future profitability. This came after Shopify's Q3 results, in which the company continued to expand its gross merchandise volume and revenue by more than 30% each. In Q3, 21% of Shopify's entire revenue came from Europe, compared to less than 18% in 2023. Since debit and credit card interchange fees differ, Citizens stressed that European payments are much more valuable to Shopify Inc. (NASDAQ:SHOP). The firm stated that gross profit margins on gross payment volume for Basic, Grow, and Advanced sellers in Europe could be around four times greater than for American retailers. According to the firm, this expansion is “an underappreciated tailwind for profitability,” adding that Shopify Inc. (NASDAQ:SHOP) has ample space to continue acquiring merchants in the area. In addition, the firm highlighted Shopify's growing marketing effectiveness in Europe, Show less Read more
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