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SHOPIFY INCSHOPIFY INCSHOPIFY INC

SHOPIFY INC

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Build Your Position: Consider Going LONG on Shopify Next Week - Key Insights: Shopify is well-positioned to benefit from the ongoing positive retail sentiment and an expected boost from the holiday shopping season. Analysts suggest that the stock might be oversold, with a potential rebound anticipated as user adoption and retention grow. Forthcoming earnings on February 11 could provide further clarity on the company’s growth trajectory, making it a strategic point for traders to evaluate long positions. - Price Targets: - Next week targets: - T1: $110 - T2: $115 - Stop levels: - S1: $93.50 - S2: $90 - Recent Performance: Shopify has seen increased activity in its stock as the retail sector benefits from consumer spending trends. Observers note a steady rise in retail sales, signaling robust market dynamics favoring e-commerce platforms like Shopify. - Expert Analysis: Analysts remain cautiously optimistic about Shopify, highlighting potential for growth ahead of the upcoming earnings report. The general sentiment leans towards a favorable outlook, underpinned by positive shifts in online shopping that support long-term value for the company. - News Impact: The upcoming earnings release on February 11 is crucial for Shopify. Investors are eager to see how the company aims to capitalize on strong holiday spending amidst improving economic conditions, as any news could influence stock performance significantly.
NYSE:SHOPLong
by CrowdWisdomTrading
Shopify Inc | SHOP & AIShopify stock has seen sideways momentum for the last few weeks despite posting good results in the recent quarter. One of the reasons is the bull run in early 2023 due to which the stock has seen over 60% jump in year-to-date. Shopify has been able to reignite revenue growth in the last few quarters and there are strong tailwinds that can help the company improve its topline. At the same time, Shopify has been able to improve the conversion of Gross Merchandise Value or GMV into revenue due to better services. Shopify’s GMV has increased 11x between the last quarter of 2016 and the last quarter of 2022. During this time, Shopify’s quarterly revenue base has increased from $130 million to $1.7 billion or 13x. Shopify’s GMV for 2022 was $195 billion and rapid growth in this key metric should help the company improve monetization. The company has also undertaken some cost-cutting which is having a positive impact on the bottom line. Analysts have forecasted Shopify’s EPS at $1 for fiscal 2025 which means that the stock is trading 60 times the EPS estimate of 2025. However, better monetization and focus on cost optimization could help the company deliver good EPS growth in the next few quarters. The PS ratio is also at 12 which is significantly lower than the pre-pandemic years. Shopify stock can deliver good returns in the long term as the company adds new services and improves its GMV growth trajectory. Shopify reported a GMV of $5.5 billion in December 2016 quarter. This has increased to $60 billion in the recent December 2022 quarter. Hence, Shopify’s GMV has increased to 11 times within the last seven years. On the other hand, Shopify’s revenue during the December quarter has increased by 13 times, from $130 million to $1.7 billion. This growth trend shows that the company is able to convert more GMV into actual revenue. One of the main reasons behind this trend is that Shopify is adding new services and it can charge customers a higher commission for these services. Shopify’s GMV for 2022 was a staggering $195 billion. The company has been able to reignite revenue growth in the last few quarters. The YoY revenue growth hit a bottom of 15% in June 2022. Since then the YoY revenue growth has picked up again as the company faces easier comps. In the recent quarter, the company reported YoY revenue growth of over 30% which is quite high when we consider that the GMV base of Shopify is more than $200 billion. The revenue growth will not build a bullish momentum for the stock unless the company can deliver sustainable profitability. During the pandemic years, Shopify’s revenue growth and high EPS helped the stock reach its peak. The company would need to focus on profitability in the next few quarters in order to rebuild a long-term bullish rally. Shopify has divested from its logistics business which should help improve the bottom line. We should also see better monetization of current services as the company tries to build new AI tools. The EPS estimates for 2 fiscal years ahead have steadily improved in the last few quarters. According to current consensus, Shopify should be able to deliver EPS of $1 in fiscal year 2025. However, it is highly likely that Shopify will beat these estimates as the company launches new initiatives to improve monetization of its massive GMV base. Shopify’s trailing twelve months EPS during the peak of the pandemic went to $2.6. If the company can get close to this EPS rate by 2025, we should see a significant bullish run in the stock. The recent cost-cutting should also help the company improve the bottom line. We have seen a similar trend in all the Big Tech companies who have reported a rapid growth in EPS as their headcount was reduced. While most analysts agree over the long-term revenue growth potential of Shopify, some of them are wary of the pricey valuation of the stock. Shopify is trading at 12 times its PS ratio. This is quite high when we compare with most of the other tech players and even Shopify’s peer like Wix (WIX), Etsy (ETSY), and others. However, it should be noted that Shopify’s PS ratio is significantly lower than the average PS multiple prior to the pandemic when the stock had an average PS ratio of over 20. Shopify’s revenue estimates for 2 fiscal years ahead is close to $10 billion which is equal to annualized revenue growth of over 25%. If we look at this metric, Shopify stock is trading at 7 times the revenue estimate of fiscal year 2025. This looks reasonable if the company can also manage to improve its EPS trend over the next few years. The long-term tailwind from ecommerce growth is still very strong. Shopify will benefit from an increase in GMV and a higher ecommerce market share in key markets. This should help the company gain pricing leverage over other competitors and also improve its monetization momentum Shopify has reported a faster revenue growth rate compared to its GMV growth in the last few years. This shows that the company is able to charge higher rate for additional services. There has been an acceleration in revenue growth over the last few quarters. Shopify has also divested from logistics services which were pulling down the profitability of the company. Shopify could deliver over 20% YoY revenue growth for the next few years as the company gains from strong tailwinds within the ecommerce business. If Shopify regains its earlier ttm EPS of $2 by 2025, we could see a strong bull run within the stock. While the stock is not cheap, it seems to be reasonably valued and longer-term investors could gain a better return from Shopify, making the stock a Buy at current price.
NYSE:SHOPLong
by moonypto
2
Will Santa deliver, or will the buck ram it down?CAPITALCOM:SHOP delivered a strong earnings report recently, key points being: - Strong revenue growth of 26% YoY - Improved free cash flow margin, up to 19% from 16% - Operating income more than doubled YoY On the flip side: - High operational spending - Increase in loan and transaction losses, indicating rising credit risk - Macroeconomic risks Heading into Christmas shopping, SHOP is well positioned. Spending this season is expected to rise 7% compared to 2023, and more people are buying early, leading to more consistent sales. Online shopping is expected to rise once again this year, benefiting SHOP. Obstacles are higher prices, and the outlook of even higher prices to come. The economic plans of the president-elect will without a shed of doubt lead to rising inflation, and many will plan accordingly. However, I believe the upside is greater on the semi-short time, which will help push SHOP share price further. The gap following the earnings release was big, and we might see a pullback short term, so I would hold going long until that gap is resolved. I don’t expect the gap to be filled, but a retrace must be expected. The most recent high above today’s price is from November 2021, so that is not relevant, so no target. There are no obvious support or resistance levels, as price has been pretty flat for ages. Watch for pullbacks, then do your own DD.
NYSE:SHOPLong
by WeRideAtDawn
Shopify: Strong Growth Ahead, Targets Set for Next WeekRecent Performance: Shopify has recently demonstrated a remarkable upswing, with a nearly 25% increase following impressive third-quarter results. This performance, marked by exceeding market expectations, signals optimistic sentiment and highlights Shopify's pivotal role in the evolving e-commerce landscape as consumer behaviors shift towards online shopping. - Key Insights: Analysts emphasize the urgency for traditional retailers to adopt online strategies due to declining foot traffic in shopping malls. Shopify is positioned as a leader in facilitating this transition, capitalizing on the growing demand for e-commerce solutions. The emphasis on agility and innovation reflects the necessity for businesses to meet changing consumer expectations. - Expert Analysis: Market sentiment regarding Shopify is notably favorable, driven by recognition of its capabilities to help businesses transition to online sales amid a challenging retail environment. Experts suggest that as retail dynamics continue to transform, Shopify's growth potential remains robust, with a keen focus on adapting to external economic pressures such as tariffs that may influence consumer behavior. - Price Targets: Based on professional insights, the next week targets for Shopify are set for: - T1: 123.00 - T2: 130.00 - Stop levels are structured as follows: - S1: 110.00 - S2: 105.00 This structure reinforces a potential bullish outlook, with significant support below the current price and realistic upside targets within a 3%-10% range. - News Impact: The current landscape for retail is shifting significantly, with a decline in traditional mall shopping contributing to increased opportunities for e-commerce platforms like Shopify. This trend is further amplified by discussions about potential tariff impacts on retail and consumer behavior, indicating that companies must adapt swiftly. Shopify's strategic positioning in this market evolution offers a resilient avenue for growth as it navigates these changing dynamics.
NYSE:SHOPLong
by CrowdWisdomTrading
LIKE I SAID: SHOPIFY WAS THE NEXT RETAIL STOCK TO FLY📢 Before all the BIG accounts start swarming all over NYSE:SHOP like flies on 💩, remember this call in the chaos! 🤪 Catalyst: Big earnings beat prediction based on NASDAQ:AAPL and NASDAQ:AMZN results and a strong consumer outlook. Trade Setup: Entry, Stop Loss, Price Targets. Next Retail Stock: Prediction on the next big retail stock to fly. #HIGHFIVESETUP: My proven trading strategy. Valuation: Detailed analysis based on my valuation analyzer. Let's continue to crush it together in this amazing community! I appreciate you all! ♥️
NYSE:SHOPLong
by RonnieV29
2
Shopify (SHOP) at Pivotal Levels: Continuation or Support Retest Shopify (SHOP) is currently trading near 107.13, the 61.8% Fibonacci retracement level, which is crucial for the next price movement. On the bi-weekly chart, there is also a possibility of the price retesting the previous support at 90 if 107.13 is broken. The next move will depend on the strength of buyers versus sellers. --- 1. **Entry Points:** - **Scenario 1 (Bullish Continuation):** Enter after a clear breakout and a bullish close above 107.13, confirming the uptrend. - **Scenario 2 (Support Retest):** If 107.13 is broken, wait for a retest of the strong support level at 90, looking for positive reversal signals. 2. **Targets:** - Target 1: 122.72 (78.6% Fibonacci retracement). - Target 2: 176.29 (previous high). 3. **Stop Loss:** - **Scenario 1 (Bullish Continuation):** Stop loss at 104.99 (2% below 107.13). - **Scenario 2 (Support Retest):** Stop loss at 88.20 (2% below 90). 4. **Confirmation Factors:** - Strong breakout above 107.13 with high volume or a bullish candle. - Positive reversal signals (e.g., Pin Bar or Bullish Engulfing) at 90 if it is retested. 5. **Additional Notes:** - 107.13 is a pivotal level; holding above it supports a bullish continuation. - If this level is broken, 90 becomes a key support level to watch for buyer re-entry. --- **Disclaimer:** This is a trading idea based on technical analysis and not financial advice. Please manage your risk and monitor the market carefully before making any decisions.
NYSE:SHOPLong
by abulyan
Shopify ain't done yet! Pullback then Higher, 50% Move Inbound! Shopify ain't done yet! Pullback then Higher, 50% Move Inbound! NYSE:SHOP is going higher and presenting a buying opportunity! 50% Potential Upside! 📈 In this video, we dive into NYSE:SHOP , an Ecommerce powerhouse, currently breaking out of a Multi-Year Cup n Handle Pattern! 💡 Key Highlights: -H5 Indicator: Flashing green for a bullish signal -Flipping a 4-year resistance area to support -Volume Insights: Massive GAP to fill -Technical Analysis: Consolidation box formed on WR% Targets: 🎯$110 🎯$121 📏$160 🎯$180 Don't miss out on the potential explosive growth of Shopify! Tune in to see why this stock could be a game-changer! NFA
NYSE:SHOPLong
by RonnieV29
Shopify (SHOP) Shares Retreat After Sharp SurgeShopify (SHOP) Shares Retreat After Sharp Surge On 12 November, Shopify released its Q3 earnings report, which exceeded analysts' expectations: - Earnings per share: actual = $0.36, forecast = $0.27; - Gross revenue: actual = $2.23 billion, forecast = $2.15 billion. The company also provided strong earnings guidance for Q4. According to Zacks analysts, Q4 earnings per share could reach $0.39. As a result, SHOP shares surged by more than 20% following the report's release. But is it the right time to buy now? A review of SHOP’s price chart suggests that purchasing the stock under current conditions might be premature: - The price is above the upper boundary of the ascending channel (marked in blue), whereas it has typically remained within this channel since late 2022; - The RSI indicator signals extreme overbought conditions. Recent price action supports the idea that the market's initial reaction may have been overly emotional, leaving the stock vulnerable to a pullback. For the first time since the report, SHOP shares closed below $105 yesterday. While strong fundamentals underpin Shopify's long-term appeal, in the short term, the stock price could decline towards: - The psychological level of $100 per share; - Former resistance at $90; - The median of the ascending channel. According to TipRanks: - 11 out of 18 analysts recommend buying SHOP stock; - The average price target for SHOP is $85 over the next 12 months. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NYSE:SHOP
by FXOpen
$SHOP JADE LIZARD TRADE, 37 DTE (>$68 on 11/22 preferred)NYSE:SHOP JADE LIZARD TRADE, 37 DTE Sell SHOP $94 Call 11/22 Buy SHOP $95 Call 11/22 ~{share price: $81.85}~ Sell SHOP $70 Put 11/22 Credit to open: ~$200 Jade Lizard = Credit from the short put (strike price below the price) exceeds the max loss of the call credit spread (strike prices above the price). Expiration scenarios: (1) Share price above $95 @ expy, then profit of $100, (by definition, there's no risk to the upside with a 'jade lizard' trade). (2) Share price between $70-$95 @ expy, then profit of $200. (4) Share price below $70 @ expy, then assigned to buy 100 shares at an avg cost of $68.00.
NYSE:SHOP
by zach6667
Shopify (SHOP): Preparing for a Long-Term Entry at $49.62Considering Shopify, the situation is unfolding as we anticipated. We expected the beginning of 2024 to potentially mark the peak for Shopify with the completion of Wave (1), indicating a Wave 2 correction. This correction is likely to find support between the 63.8% and 78.6% retracement levels. Currently, the pattern is showing lower lows and lower highs, suggesting that further price declines may occur, potentially closing existing gaps. Our strategy is still developing, but we plan to place a long-term entry at $49.62 with a stop-loss at $31.
NYSE:SHOPLong
by freeguy_by_wmc
Shopify (SHOP): Continuing Sell-Off!Shopify (SHOP): NYSE:SHOP We've reintegrated Shopify into our portfolio after a lengthy period without analysis, believing we've witnessed the conclusion of a Wave 5, thereby completing this cycle (1). Consequently, we are now in Wave (2), anticipated to be a three-part correction downwards. Our target retracement ranges between 50% and 78.6%, equating to $57.60 and $38.24, respectively. The subordinate Wave 4 at $45.50 represents a critical level for Shopify, potentially marking a turning point. As long as we don't surpass the Wave 5 peak of $85.50, we don't foresee an upward continuation. Should we form Wave A, an Expanded Flat exceeding Wave 5 but not surpassing 138%, might be observed. If this threshold is breached, our current scenario would need revision, possibly interpreting the subordinate Wave 4 at $45.50 as our Wave (2), indicating we're in Wave (3). Unless this scenario unfolds, we maintain the view that we're in a downtrend, awaiting a significant Wave 2 correction. However, falling below 78.6% would likely lead to a sharp decline towards $23.64.
NYSE:SHOPLong
by freeguy_by_wmc
Shopify (SHOP): Riding the 130% rally after the earnings surgeShopify kicked off the earnings week with a significant surge, rising 130% since our entry. We’ve taken additional profits at this level and canceled our second limit order. The stock has reached the 161.8% Fibonacci target at $111, aligning with our strategy. In its third-quarter earnings report, Shopify reported revenue that exceeded Wall Street’s expectations, with double-digit gross merchandise volume growth. Looking ahead, the company forecasts a mid-to-high-twenties percentage growth in revenue for Q4, supported by the same factors driving its strong performance this year. While Shopify continues its upward momentum, there’s no clear indication of when this rally might lose steam. The RSI is currently overbought, suggesting a potential pullback in the near future. If we spot a wave 4 correction, we will reassess and update the chart for a potential new entry.
NYSE:SHOPLong
by freeguy_by_wmc
SHOPIFY (SHOP) Explosive Breakout Rally with Earnings Boost!The Shopify (SHOP) weekly timeframe chart showcases a massive breakout, driven by exceptional Q3 earnings performance. The stock has successfully hit Target 2 (TP2 at $109.30), with the remaining targets TP3 ($132.50) and TP4 ($146.84) in sight. SHOPIFY (SHOP) Stock Key Technical Highlights: Clear Entry at $71.76 : The bullish momentum initiated a long trade setup, confirmed by the breakout above critical levels. Earnings Power-Up : Shopify's Q3 revenue surged 26% year-over-year, reaching $2.16 billion, and net income hit $828 million. This exceptional growth propelled the stock price up 22% to $109.81 post-earnings release, further cementing the breakout rally. Dynamic Moving Averages : The RISOLOGICAL Lines (all GREEN lines) beautifully supports the rally, reflecting strong upward momentum. SHOPIFY Trade Analysis: Risk-Reward Balance: The stop-loss (SL) placed at $60.16 offers an optimized risk management strategy. Profit Potential: With TP2 already achieved, the path toward TP3 ($132.50) and TP4 ($146.84) looks promising, driven by positive market sentiment and strong fundamentals. Final Words: Shopify's post-earnings rally demonstrates a perfect confluence of technical and fundamental strength. Keep a close eye on volume and momentum as the next targets approach!
NYSE:SHOPLong
by ProfitsNinja