Shopify Stock: Don't Buy The Dip Just Yet [Seeking Alpha]
Shopify Inc. Class A Subordinate Voting Shares (SHOP)
Last shopify inc. class a subordinate voting shares earnings: 2/12 07:00 am
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US:NYSE Investor Relations:
investors.shopify.com/home/default.aspx
Company Research
Source: Seeking Alpha
The company's cost-cutting measures and improved free cash flow are positive indicators, but slowing top-line growth is a problem to date. SHOP's closest peer's EPS is projected to grow at a CAGR of 32.6%, compared to 20.45% of SHOP's EPS growth over the same period. The peer is 2x cheaper. I think SHOP is trading at a huge premium to other peers, without a sufficient margin of safety to buy today and hold with little worry. I recommend waiting for lower prices - perhaps a 20-25% correction is an excellent zone to enter a long position. I rate SHOP as a "Hold". My Thesis After reviewing Shopify Inc.'s ( NYSE: SHOP ) latest financials and given its current valuation, I believe that while the company's growth prospects are attractive, investors should be cautious. It might be worth waiting for the stock price to fall lower before Recommended For You Recommended For You About SHOP Stock
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High impacting Shopify Inc. Class A Subordinate Voting Shares news events
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SHOP
News
- Seeking Clues to Shopify (SHOP) Q1 Earnings? A Peek Into Wall Street Projections for Key Metrics [Yahoo! Finance]Yahoo! Finance
- Shopify Inc. (NYSE: SHOP) had its price target raised by analysts at Scotiabank from $70.00 to $80.00. They now have a "sector perform" rating on the stock.MarketBeat
- Shopify Inc. (NYSE: SHOP) was upgraded by analysts at BNP Paribas from an "underperform" rating to an "outperform" rating.MarketBeat
- DMi Partners Introduces New Shopify Conversion Optimization Service to Help Brands Drive Performance and Revenue Growth [Yahoo! Finance]Yahoo! Finance
- Shopify: Inflection Point Likely Arrived As Fears Peaked (Rating Upgrade) [Seeking Alpha]Seeking Alpha
SHOP
Earnings
- 2/13/24 - Beat
SHOP
Sec Filings
- 5/1/24 - Form 6-K
- 5/1/24 - Form 6-K
- 3/22/24 - Form 144
- SHOP's page on the SEC website