Shopify Inc.

SHOP-T

TSE:SHOP

479.25
11.52 (2.35%)
Shopify is both a Canadian e-commerce company headquartered in Ottawa, Ontario and the name of its computer software platform for online stores and retail point-of-sale systems.
More at Wikipedia

Analysis and Opinions about SHOP-T

Signal
Opinion
Expert
HOLD
HOLD
June 27, 2019
If you're a young investor, this is the place to be. Two downgrades, and so the stock has corrected. Today is not the time to enter a new position. Don't sell it now. Second best performer on the TSX.
Shopify Inc. (SHOP-T)
June 27, 2019
If you're a young investor, this is the place to be. Two downgrades, and so the stock has corrected. Today is not the time to enter a new position. Don't sell it now. Second best performer on the TSX.
Veronika Hirsch
Chief Investment Officer, Arrow Capital
Price
$394.660
Owned
Yes
DON'T BUY
DON'T BUY
June 21, 2019

It's had an enormous run to levels he didn't imagine. Companies that have a good growth trajectory and story garner a huge multiple because there are so few of these stories in Canada. He wouldn't buy it now. By comparison, Amazon looks reasonable at 40-50x PE vs. Shopify which is in the 200s or 300s or higher.

Shopify Inc. (SHOP-T)
June 21, 2019

It's had an enormous run to levels he didn't imagine. Companies that have a good growth trajectory and story garner a huge multiple because there are so few of these stories in Canada. He wouldn't buy it now. By comparison, Amazon looks reasonable at 40-50x PE vs. Shopify which is in the 200s or 300s or higher.

John Kim
Portfolio Manager, Aston Hill Financial
Price
$431.500
Owned
No
PAST TOP PICK
PAST TOP PICK
June 18, 2019
(A Top Pick Mar 15/19, Up 16%) He sees it continuing to press higher. He would continue to hold it as it is consolidating before an expected further push higher.
Shopify Inc. (SHOP-T)
June 18, 2019
(A Top Pick Mar 15/19, Up 16%) He sees it continuing to press higher. He would continue to hold it as it is consolidating before an expected further push higher.
Javed Mirza
Technical analyst, Canaccord Genuity
Price
$407.190
Owned
Yes
COMMENT
COMMENT
June 7, 2019
Maybe this has gotten ahead of itself on valuation after a parabolic rise this year. What they provide to small businesses is great. It could get bought out. Pare your holding if it has gotten too big in your portfolio. B2B wholesaling is large, so SHOP has a large runway. Investors look much to valuations; rather, consider whether a company can continue to execute, beat expectations.
Maybe this has gotten ahead of itself on valuation after a parabolic rise this year. What they provide to small businesses is great. It could get bought out. Pare your holding if it has gotten too big in your portfolio. B2B wholesaling is large, so SHOP has a large runway. Investors look much to valuations; rather, consider whether a company can continue to execute, beat expectations.
Robert Lauzon
Deputy Chief Investment Officer, Middlefield Capital Corporation
Price
$405.690
Owned
Unknown
STRONG BUY
STRONG BUY
June 6, 2019
It has been going up non-stop. It has never pulled back to buy-in levels. It is a great company and has a lot of tailwinds. If you are really into it, then pick away at it. He likes the company. It is a great play on ecommerce that is growing at triple digits still and there are a lot of positives for it. The number of large companies coming on board is growing also.
It has been going up non-stop. It has never pulled back to buy-in levels. It is a great company and has a lot of tailwinds. If you are really into it, then pick away at it. He likes the company. It is a great play on ecommerce that is growing at triple digits still and there are a lot of positives for it. The number of large companies coming on board is growing also.
Ian Fung
Vice-president and portfolio manager, Davis Rea
Price
$397.460
Owned
Unknown
DON'T BUY
DON'T BUY
May 31, 2019

He just can't buy this at 20 times revenues. It has a tremendous amount of implied growth embedded in its current price. News that Amazon may purge some smaller vendors could help them.

He just can't buy this at 20 times revenues. It has a tremendous amount of implied growth embedded in its current price. News that Amazon may purge some smaller vendors could help them.

James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$371.840
Owned
No
DON'T BUY
DON'T BUY
May 29, 2019
Great Canadian company. It has always looked way to expensive trading over 200 times earnings. He can't justify the valuations.
Great Canadian company. It has always looked way to expensive trading over 200 times earnings. He can't justify the valuations.
Don Lato
President, Padlock Investment Management
Price
$367.850
Owned
No
PARTIAL SELL
PARTIAL SELL
May 29, 2019
Look at taking some profits, based on where we are in the cycle. As Amazon starts to retreat out of small suppliers, Shopify fills that void. Valuation is rich. If it's already been a solid part of your portfolio, leave it in there, just pull it back a bit.
Look at taking some profits, based on where we are in the cycle. As Amazon starts to retreat out of small suppliers, Shopify fills that void. Valuation is rich. If it's already been a solid part of your portfolio, leave it in there, just pull it back a bit.
Andrew Pyle
Senior wealth advisor and portfolio manager, The Pyle Group, Scotia Wealth Mgt.
Price
$367.850
Owned
Unknown
PARTIAL SELL
PARTIAL SELL
May 27, 2019
The stock is up massively. Recently it's been added to the TSX 60, and the closet indexers have to buy it. Whenever it doubles, they sell half. Have to think about the percent weighting in your portfolio. If it goes up quickly, it tends to go down quickly. An alternative to Amazon.
The stock is up massively. Recently it's been added to the TSX 60, and the closet indexers have to buy it. Whenever it doubles, they sell half. Have to think about the percent weighting in your portfolio. If it goes up quickly, it tends to go down quickly. An alternative to Amazon.
Brett Girard, CPA, CA, CFA
CFO and Portfolio Manager, Liberty International Investment Management
Price
$376.230
Owned
Yes
BUY
BUY
May 23, 2019
It is a fast grower and the market is rewarding them. It has done a good job. He is happy holding his position. He might take some profits as it grows. It is executing well and at some point could get acquired.
It is a fast grower and the market is rewarding them. It has done a good job. He is happy holding his position. He might take some profits as it grows. It is executing well and at some point could get acquired.
Robert Lauzon
Deputy Chief Investment Officer, Middlefield Capital Corporation
Price
$365.870
Owned
Yes
COMMENT
COMMENT
May 21, 2019
SHOP, Canadian vs. US. Can't explain why one is up and one is down, unless it was the recent holidays.
SHOP, Canadian vs. US. Can't explain why one is up and one is down, unless it was the recent holidays.
Teal Linde
Portfolio Manager & Publisher, Linde Equity Report, Linde Equity Report
Price
$365.940
Owned
Unknown
DON'T BUY
DON'T BUY
May 17, 2019
He likes its business idea, but not sure about the stock--it's valuation is very high. He'll buy Amazon or Visa, but Shopify's sky-high valuation is too high. No doubt they've had amazing growth, but they're not profitable.
He likes its business idea, but not sure about the stock--it's valuation is very high. He'll buy Amazon or Visa, but Shopify's sky-high valuation is too high. No doubt they've had amazing growth, but they're not profitable.
Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
Price
$368.050
Owned
No
TOP PICK
TOP PICK
May 15, 2019
A great chart with a big run over the past year. It had a long base through 2018 at $180 and that supports its strong rise since then. (Analysts’ price target is $344.66)
A great chart with a big run over the past year. It had a long base through 2018 at $180 and that supports its strong rise since then. (Analysts’ price target is $344.66)
Javed Mirza
Technical analyst, Canaccord Genuity
Price
$355.010
Owned
Yes
COMMENT
COMMENT
May 9, 2019
In a TFSA? Don't. Hold stocks in a TFSA that you will hold for a long time. An interesting company for a covered call. Where SHOP is now, he would do only a covered call. It's run up so much that there's downside risk.
In a TFSA? Don't. Hold stocks in a TFSA that you will hold for a long time. An interesting company for a covered call. Where SHOP is now, he would do only a covered call. It's run up so much that there's downside risk.
Richard Croft
President, R.N. Croft Financial Group Inc.
Price
$350.200
Owned
Unknown
DON'T BUY
DON'T BUY
May 6, 2019
He sold it as a triple but it kept on going. It is a Canadian darling. As it moves up in market cap, the ETFs have to continue to buy it so it is a self-fulfilling prophecy. It is a good company. There are competitors coming in and the street is looking for one of them to take out SHOP-T. They have done everything they said they were going to do. He has re-deployed into technology in the states.
He sold it as a triple but it kept on going. It is a Canadian darling. As it moves up in market cap, the ETFs have to continue to buy it so it is a self-fulfilling prophecy. It is a good company. There are competitors coming in and the street is looking for one of them to take out SHOP-T. They have done everything they said they were going to do. He has re-deployed into technology in the states.
Rick Stuchberry
Portfolio Manager, Wellington-Altus Private Wealth
Price
$357.140
Owned
No
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