SHOP Stock Recent News

Investors interested in stocks from the Internet - Services sector have probably already heard of Lyft (LYFT) and Shopify (SHOP). But which of these two stocks offers value investors a better bang for their buck right now?

ATLANTA--(BUSINESS WIRE)--Sovos, the always-on compliance company, today announced that it has partnered with Shopify to launch Shopify Tax automated filing, a powerful new feature that automates the preparation, filing and remittance of sales tax returns for Shopify merchants. This feature is now available to eligible merchants in the United States using Shopify Tax. Sovos' Sales and Use Tax (SUT) Filing solution is integrated with Shopify Tax, offering merchants a more streamlined experience.

Pay-later platform Sezzle has filed an antitrust lawsuit against eCommerce platform Shopify. [contact-form-7] The lawsuit, filed Monday (June 9) in the U.S. District Court for the District of Minnesota, accuses Shopify of engaging in monopolistic and anticompetitive practices to limit competition for buy now, pay later (BNPL) options on its platform.

SHOP's merchant growth and AI tools impress, but AMZN leads with global reach, essentials focus, and earnings strength.

Shopify (SHOP 6.17%) has been a massive winner over the last decade, delivering a mind-blowing 3,664% return (as of writing) since going public in 2015.

Palantir Technologies stock has advanced 435% in the past year, bringing its market value to $300 billion as of June 7. But two Nasdaq stocks, Shopify (SHOP 6.17%) and Intuitive Surgical (ISRG -0.19%), are growing quickly enough to top that figure in three years.

Investors can set themselves up for life with a portfolio of well-chosen growth stocks. Investing in companies that are likely to be earning substantially higher revenue and profits in 10 years than they are today will help you multiply your savings.

Shares of North America's leading commerce enabler, Shopify (SHOP 6.17%), were 6% higher as of 3:30 p.m. ET Friday, according to data provided by S&P Global Market Intelligence.

Shopify (SHOP 1.29%) has taken its investors on a wild ride in the 10 years since its initial public offering (IPO). The e-commerce services provider went public at a split-adjusted price of $1.70 on May 21, 2015, soared to a record closing price of $169.06 on Nov. 19, 2021, but now trades at about $106.

Zacks.com users have recently been watching Shopify (SHOP) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.