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Stock impact report

Already soaring, Shopify stock could see more Black Friday upside: Scotia Capital [Yahoo! Finance Canada]

Shopify Inc. Class A Subordinate Voting Shares (SHOP) 
Last shopify inc. class a subordinate voting shares earnings: 2/12 07:00 am Check Earnings Report
US:NYSE Investor Relations: investors.shopify.com/home/default.aspx
Shopify ( SHOP.TO SHOP ) stock is poised to go higher on strong Black Friday forecasts, Scotia Capital analysts say, even after the substantial price jump spurred by third-quarter earnings that beat expectations earlier this month. Shares in the Canadian e-commerce software company generally rise in the three weeks leading up to Black Friday, analyst Kevin Krishnaratne wrote in a note to investors Thursday. The situation is slightly different this year because Shopify's impressive third-quarter 2024 earnings were reported much closer to Black Friday than usual, driving the stock far higher than its usual average gain for the period. “Still, we think the stock can continue to move higher to close out the year,” Krishnaratne wrote, despite the company's valuation currently exceeding that of peers by a substantial amount, due to “positive newsflow in and around this weekend.” Shopify Inc. (SHOP) From 2016 to 2023, Shopify has averaged a 7.5 per cent increase in the 15-trading-da Show less Read more
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