
NYSE:SHOP
This summary was created by AI, based on 5 opinions in the last 12 months.
Shopify Inc has recently reported an impressive 34% revenue growth, although projections indicate a slowdown to the high-20s, leading to a decline in share value. Technical analyst Larry Williams suggests that the sell-off may be excessive, pointing to seasonal trends that historically favor the stock, especially between April and August, with notable strength in May. While Shopify faced challenges in Q1 with a 26% decline, many analysts believe it's still a strong player in e-commerce, and the stock remains profitable. Current trading suggests it is near a price target of $174, which presents an opportunity for short-term options trading. Overall, there are indications of institutional buying, and the company is seen as a reliable performer, despite fluctuations in its stock price.
Shopify vs. Big Commerce Big Commerce went public in August and is basically a Shopify copycat. He prefers Shopify which has a faster growth rate and is turning a profit. Has always liked Shopify. Both are Covid winners.
Amazon (AMZN-Q), Shopify (SHOP-N)? Both are trading at high valuations. This one is not quite making money, while Amazon is making a small profit margin, but not much. Amazon is growing its top line in the low 20% range, and this one has 80% revenue growth. If he has 2 companies that are both overpriced, he is going to go with the one that is 80% versus the one that is growing 20%, so he would go with this one.