Shopify (SHOP) closed at $429 in the latest trading session, marking a -0.28% move from the prior day. This change was narrower than the S&P 500's 0.29% loss on the day. At the same time, the Dow lost 0.46%, and the tech-heavy Nasdaq lost 0.27%.
Heading into today, shares of the cloud-based commerce company had gained 15.63% over the past month, outpacing the Computer and Technology sector's gain of 7.47% and the S&P 500's gain of 4.56% in that time.
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Yes, Shopify is expensive. Yes, you should own it anyway: PI - Cantech Letter
That’s the message from PI Financial analyst Gus Papageorgiou on Shopify ( Shopify Stock Quote, Chart, News NYSE:SHOP ), a stock the analyst says is one of his top picks for the 2020.
Papageorgiou, while acknowledging that SHOP is far from a value play, wondered aloud as to whether some are still underestimating it.
“Current expectations are for SHOP to deliver ~32% growth in 2020,” the analyst noted. “That is impressive for a software company doing US$1.5b in revenue. However, we believe these numbers could prove conservative. For BFCM (Black Friday Cyber Monday) Shopify delivered YoY revenue growth of 61%. Current expectations are for the Company to deliver Q4 GMV growth of ~38%. We believe that could prove conservative in light of the success of BFCM.”
Shopify (TSE:SHOP) Price Target Raised to C$590.00 at Pi Financial - Slater Sentinel
Shopify (TSE:SHOP) had its price objective raised by Pi Financial from C$563.00 to C$590.00 in a report issued on Friday morning, BayStreet.CA reports.
Shares of TSE SHOP traded down C$0.67 during trading on Friday, reaching C$560.90. The stock had a trading volume of 225,064 shares, compared to its average volume of 324,613. Shopify has a one year low of C$191.75 and a one year high of C$572.00. The company has a debt-to-equity ratio of 3.94, a quick ratio of 10.45 and a current ratio of 11.21. The stock has a market cap of $65.08 billion and a PE ratio of -489.44.
Analysts Expect Shopify Inc (NYSE:SHOP) Will Post Quarterly Sales of $484.22 Million - Slater
On average, analysts expect that Shopify will report full year sales of $1.56 billion for the current fiscal year, with estimates ranging from $1.52 billion to $1.60 billion. For the next fiscal year, analysts expect that the company will post sales of $2.12 billion, with estimates ranging from $2.00 billion to $2.37 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Shopify.
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Financial Survey: BroadVision (NASDAQ:BVSN) versus Shopify (NASDAQ:SHOP) - Slater Sentinel
Shopify ( NYSE:SHOP ) and BroadVision ( NASDAQ:BVSN ) are both computer and technology companies, but which is the better stock? We will contrast the two businesses based on the strength of their dividends, institutional ownership, valuation, earnings, analyst recommendations, profitability and risk.
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57.3% of Shopify shares are held by institutional investors. Comparatively, 4.0% of BroadVision shares are held by institutional investors. 34.5% of BroadVision shares are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.
Shopify Inc (NYSE:SHOP) Receives $341.32 Consensus PT from Analysts - Slater Sentinel
Shares of Shopify Inc (NYSE:SHOP) (TSE:SHOP) have been assigned an average recommendation of “Hold” from the twenty-eight brokerages that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $341.32.
Robot vacuums don't hold much, but they get job done
Our oddest Christmas present we got this year is a robot vacuum, given to us by a young relative. Bob was hugely skeptical at first, but he has to admit: "It works, but it doesn't hold much."
Go to YouTube to find reviews for dozens of these, from Roomba on down. Ours, the Lefant M300, costs $140 on Amazon. Roomba ranges from about $200 to over a thousand.
We dumped the debris by using a tiny Phillips-head screwdriver to open up the compartment where the filters are. One of the filters is washable. The other is a high-efficiency filter that limits dust, smoke, pollen, bacteria and mold. Joy likes it.
Schumpeter - Shopify and the return of the merchant class | Business | The Economist
Some online retailers, however, prefer to strike out on their own, like the craftsmen of old. They are developing "microbrands" they peddle themselves, handling payment, delivery and other customer relationships. But they can use assistance, of the sort that the guilds of yore offered their predecessors. Enter Shopify, a Canadian software firm whose value has rocketed by 180% in the past year, to $45bn, eclipsing eBay, a better-known veteran of e-commerce.
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