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Shopify's revenue and free cash flow per share are surging, as the company bounces back from its post-pandemic swoon. Sports betting is now legal in 38 U.S. states.
Shopify (SHOP) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
As Amazon transitions toward a "Pay to Play" vendor ad model, its value to vendors and customers is increasingly compromised, expanding the potential for direct sales. Shopify's highly integrated platform with social media reach makes it far more valuable for vendors and potentially more valuable for customers than Amazon. If Shopify cut its R&D and marketing while continuing its sales growth, the company could earn an EPS of ~$5 by 2030, making it fairly valued today.
After a period of increased volatility, the stock market is experiencing a short-term resurgence, with technology sector players dominating.
The latest trading day saw Shopify (SHOP) settling at $71.33, representing a +1.11% change from its previous close.
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Shopify reportedly plans to base raises on numerical scores assigned to employees based on their skill level. Employees will be eligible for a raise only when their score increases within a certain amount of time, Seeking Alpha reported Tuesday (April 23), citing a paywalled article by The Information.
Morgan Stanley recently raised its price target on Shopify to $85 per share and upgraded its rating to outperform. New client opportunities beyond small online businesses give Shopify a large runway for growth.
Shares of Shopify Inc. took a hit in February after the e-commerce platform warned of higher operating costs. But Morgan Stanley analysts on Friday said investors may have overreacted, arguing that there's still a lot to like about the stock, even as inflation forces consumers to temper their spending habits.
Shopify (SHOP) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.