It has been about a month since the last earnings report for Shopify (SHOP). Shares have lost about 29.1% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Shopify due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.
Quite a lot has been going on:
Shopify Plus new marketing chief eyes off brand awareness through local stories - CMO Australia
Building brand awareness for Shopify's enterprise-level href="https://directamp.com/" title="">ecommerce offering is priority number one for newly installed head of APAC marketing, Robin Marchant.
The experienced B2B marketer took up the reins as head of marketing APAC for Shopify Plus in January, tasked with helping scale growth of the business regionally as part of a global push into the enterprise space. The remit encompasses Australia, New Zealand, Hong Kong and Singapore. Shopify was founded originally in Canada.
Canadian Facebook executive Luc Levesque jumps ship for senior Shopify job - The Globe and Mail
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One of the most successful Canadian technology executives in the San Francisco/Silicon Valley area, Luc Levesque has left a senior job at Facebook, Inc. to lead international growth for Ottawa-based online commerce giant Shopify Inc.
Mr. Levesque, 44, joined Facebook in 2017 after leading international growth for TripAdvisor Inc. and advising Silicon Valley venture capital firms and prominent startups, including Pinterest and Twitter, on expanding their business through search engine and other online channels. He is the second senior Canadian in the Bay Area to join a Canadian entity this month, after former Evernote Corp. chief executive Chris O'Neill, now a partner with Power Corp. of Canada's Portag3 Ventures .
There's Still Time To Buy the Dip in Shopify Stock | Nasdaq
Shopify (NASDAQ:) has to be one of the more frustrating growth stocks out there. Valuation is through the roof and there are plenty of doubters. But before the coronavirus-induced selloff, Shopify stock was on fire, as the company continues to deliver on growth.
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I don’t think investors have missed their opportunity in Shopify stock. Even though shares are holding up nicely in their 52-week range, they are still down notably from the highs. Further, they may very well have more downside ahead.
Check out this next:
Shopify going fully remote as Ottawa tech firms brace for COVID-19 impacts | Ottawa Business
As the number of Canadians infected with COVID-19 continues to rise, e-commerce powerhouse Shopify is among a number of local companies asking their workers to stay home, while another major Ottawa firm is scrapping plans to attend a massive trade show south of the border.
In a tweet Wednesday morning, Shopify said its 5,000-plus employees will be "going remote first" beginning next Monday.
Pi Financial Analysts Give Shopify (TSE:SHOP) a C$830.00 Price Target - Redmond Register
Pi Financial set a C$830.00 target price on Shopify (TSE:SHOP) in a report released on Thursday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.
Separately, Canaccord Genuity raised their price target on Shopify from C$385.00 to C$600.00 in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Shopify presently has a consensus rating of Hold and a consensus price target of C$413.43.
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This research report offers competitive landscape of China Ecommerce Software market and analyzes key manufacturers individually with an information of specifications of product, annual industry performance, revenue graphs, and sales figure. It majorly focuses on manufacturing analysis including about the operations, process, raw materials, cost structure, and manufacturing cost strategies.
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Shopify
SAP
Salesforce
Oracle
IBM
Adobe
Pitney Bowes
Open Text Corporation
Sitecore
BigCommerce
USA Ecommerce Software Market size, revenue, production, CAGR, Consumption, gross margin, price
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Shopify
SAP
Salesforce
Oracle
IBM
Adobe
Pitney Bowes
Open Text Corporation
Sitecore
BigCommerce
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