Should Investors Buy Shopify Stock at its 14.02X Price/Sales? [Yahoo! Finance]
Shopify Inc. Class A Subordinate Voting Shares (SHOP)
Last shopify inc. class a subordinate voting shares earnings: 2/12 07:00 am
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US:NYSE Investor Relations:
investors.shopify.com/home/default.aspx
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Source: Yahoo! Finance
at 14.02X compared with the Zacks Computer & Technology sector's 6.31X and the Zacks Internet-Services industry's 6.11X. The premium can be attributed to Shopify's robust revenue growth and strong prospects. Image Source: Zacks Investment Research Shopify shares have appreciated 53.6% in the year-to-date period, outperforming the broader sector's return of 31.8% and the industry's return of 22.5%. Image Source: Zacks Investment Research However, at such a premium valuation, the question that arises is whether it is still worthwhile for investors to buy SHOP shares at this level. Let's dig deeper to find out. For the fourth quarter of 2024, Shopify expects revenues to grow at a mid-to-high twenties percentage rate on a year-over-year basis. The Zacks Consensus Estimate for fourth-quarter 2024 revenues is pegged at $2.72 billion, indicating year-over-year growth of 27%. The consensus mark for earnings is pegged at 43 cents per share, suggesting 26.5% growth year over yea
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SHOP
News
- Shopify Inc. (NYSE: SHOP) was upgraded by analysts at Wedbush from a "neutral" rating to an "outperform" rating. They now have a $125.00 price target on the stock, up previously from $115.00.MarketBeat
- Strategists Bet Canada's TSX Will Hit 28,000 Next Year as Rates Fall [BNN Bloomberg (Canada)]BNN Bloomberg
- Strategists Bet Canada's TSX Will Hit 28,000 Next Year as Rates Fall [Yahoo! Finance Canada]Yahoo! Finance Canada
- Strategists Bet Canada's TSX Will Hit 28,000 Next Year as Rates Fall [Yahoo! Finance]Yahoo! Finance
- Why Shopify (SHOP) Dipped More Than Broader Market Today [Yahoo! Finance]Yahoo! Finance
SHOP
Earnings
- 8/7/24 - Beat
SHOP
Sec Filings
- 12/20/24 - Form 144
- 12/20/24 - Form 144
- 12/20/24 - Form 144
- SHOP's page on the SEC website