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Shopify Inc. (SHOP)

NYSE - Nasdaq Real Time Price. Currency in USD
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1,348.32+27.24 (+2.06%)
As of 12:12PM EDT. Market open.
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  • K
    Kenneth
    Earnings for Shopify has been revised upward once in the last thirty days from .85 to .95 and once in the last seven days from .95 to .96. https://finance.yahoo.com/quote/SHOP/analysis/
  • A
    AFM
    Would you take the advise from "MYNAMEISJOE" or "INTELLECTUAL", or from the president of eCommerce at Google?
    “With just a few clicks, these retailers can sign up to appear across Google’s one billion shopping journeys each day,” said Bill Ready, Google’s President of Commerce at the company’s I/O software developer conference, as reported by BNN Bloomberg.

    Telfser said the accelerated shift in commerce online over the pandemic wasn’t a flash in the pan but part of an ongoing trend which should benefit Shopify and its shareholders for quite some time.

    “We think a lot of the pandemic growth that they’ve got is really sticky and a lot of these shops will stay online because e-commerce is just going to grow relative to bricks and mortar retail over the next few decades,” Telfser said. “It’s never too late to buy a name like Shopify if you want some growth [in your portfolio].”

    https://www.cantechletter.com/2021/06/shopify-fomo-is-it-too-late-to-buy/
    People who bought Shopify (TSX:SHOP) and are grinning like the Cheshire Cat and those of us with furrowed brows who are sporting severe cases of FOMO.
    People who bought Shopify (TSX:SHOP) and are grinning like the Cheshire Cat and those of us with furrowed brows who are sporting severe cases of FOMO.
    www.cantechletter.com
  • C
    Chris
    A quote I just read in an article about Shopify:

    "Shopify also recently acquired the team behind Primer, an Oakland-based augmented reality home design app. Terms of the deal, which was announced in a blog post from Primer, were not disclosed. Primer’s app and service will shut down on July 10 as part of the deal, and its team is set to join Shopify.

    “We founded Primer with a singular conviction: the future of commerce is immersive,” wrote Primer co-founders Adam Debreczeni and Russ Maschmeyer. “Along the way, we’ve admired Shopify’s progress in democratizing commerce and making world-class shopping experiences possible for so many brands.”

    “We’re excited to have the opportunity to realize our founding conviction of building immersive shopping experiences on a massive scale at Shopify,” wrote Debreczeni and Maschmeyer. "
  • K
    Kenneth
    Today Shopify launched Shop Pay in the United States.
  • A
    AFM
    It took Amazon almost twenty years to get close to 200 mln customer profiles through Prime, but it took Shopify one year to get almost 3 billion customer profiles through acceptance of Shop Pay by Facebook and Google. This shifts the eCommerce game totally as Shopifu now offers the global "cash register" for Shopify and non-Shopify merchants. Maybe this press release did not have huge headlines, however is Shopify closes Shop Pay with Apple this will be the checkmate for the eCommerce King.
  • M
    Mucho
    SHOP’s strategic partnerships are brilliant. Management at SHOP is top notch. Just enjoy the ride 😎
  • A
    AndrewF
    SHOP pay is wildly successful and is about to be adopted by others besides FB and GOOGL. SHOP plus is going to be another thing to drive up gross margin volume and cause a rapid expansion in gross margins as both SHOP pay and SHOP plus will be enormous revenue generators. SHOP has over $7 billion in cash, $615 million free cash flow, and is profitable. One can argue it doesn't trade on fundamentals but that is because they are still a relatively young company that it is in growth mode. As time goes on, SHOP will likely have the free cash flow and net income numbers AMZN will have, all while maintaining much higher gross margins. SHOP benefits from having a much lower cost of goods sold than AMZN. One day the SHOP PE will fall in line with the growth rate and it will represent growth at a reasonable price. Already we have seen a dramatic collapse in the PE ratio since 2017. I have full faith SHOP will grow into its valuation. This is not like a meme stock. Meme stocks like GME and AMC lack the earnings and legitimate business to justify trading at a premium. This is not SHOP at all. MniJoe of course thinks otherwise but that's because he has no concept that most growth stocks start out wildly overvalued and most over time grow into their valuation. SHOP has a durable competitive advantage on top of that. The growth in SHOP is more than enough to justify a premium valuation. This company is still a long way off from being the mature company AMZN is. But it is beyond debate to anyone with a brain that SHOP will get there one day.
  • S
    Susan
    Bought more today for my Tax Free Savings Account. I use SHOP shares as an escape route in case I have to sell stuff that's not performing.. Another super day - thanks SHOP!
  • K
    Kenneth
    Shopify still showing Stock Price Target of 1900.00 with earnings expected for the second quarter at 10.21 per share. This represents over a 45% upside to that price target.
  • A
    AFM
    “Since launching, Shop Pay has set the standard for checkout experiences, facilitating more than $24 billion in orders,” noted Shopify VP, Carl Rivera, who heads Product for Shop. “According to studies, cart abandonment averages 70%, with nearly 20% occurring because of a complicated checkout process. Shop Pay makes that process fast and simple, and the expansion to all merchants selling on Facebook and Google is a mission-critical step in bringing a best-in-class checkout to every consumer, every merchant, every platform and every device,” he added.

    The expansion could be a notable challenge to other payment mechanisms, including PayPal, Venmo, Apple Pay and those offered by the platforms themselves, thanks to Shopify’s growing traction with merchants — one analysis gives its platform a 23% market share in the U.S. — combined with the popularity of the Shop app, now the No. 3 Shopping app on the App Store.

    https://techcrunch.com/2021/06/15/shopify-expands-its-one-click-checkout-shop-pay-to-any-merchant-on-facebook-or-google/
  • S
    Susan
    Google and Facebook expanding partnership with SHOP! As seen on BNN Bloomberg this am! Now Shopify offering its products to people not using Shop's platform! Go SHOP!
  • K
    Kenneth
    Shopify Today Is Trading Also Above The Last Offering Price of 1315.00 that they held back in February Of This Year!
  • K
    Kenneth
    If the right message today comes out of the Fed today could be a hundred dollar day for Shopify. Analysts are now saying if the Fed does nothing Nasdaq will rise 20%. Interesting!
  • M
    Mayling
    Interesting. Msft ran a Windows update this weekend and installed a Edge weather app to my systray. Putting aside my offense at this intrusion into my privacy (despite being an investor in said company), I checked it out. The popup contained, in addition to weather, a list of "current" news items. Being Canadian, the sources were exclusively from Global News, CBC, The Canadian Press newswire, People, US Today Sports, and Business Insider.

    So I followed the very first suggestion Friday global story that reported a massive data breach. So I followed it, to "Time to change your password: Tips on protecting yourself from online scams". It purported to address an 8.4 million password leak that was shared by a hacker.

    Within the article, there were 2 links. One was to learning more about online safety, and the other was to "Read more: Shopify hosts thousands of fraudulent shops, analysis finds" Seriously.

    And Wow! A link to the Dec2020 story about online fraud from Fakespot! The article concluded with a final paragraph about the need for protecting our data on social media.

    Whatever. We haven't heard anything more from Fakespot or any other media around this issue...Until MSFt updated my pc with this curated news list. In Edge, which I don't use.

    People think SHOP shares are expensive because of hype. Maybe, but it's more "anti-hype", imo. This type of targeting has been typical of Shopify's treatment, so much so that a few years ago, I voiced the idea that the legacy media were actually secret SHOP partners, trying to cool the price action a bit!

    I've been doing content analysis of print media (from subject matter, right down to linguistic choices) since college days, so it runs like a background program, and I have been alluding to this for a few years.

    Essentially, Shopify-The-Distruptor presents a future business challenge to a lot more interests than just Amazon. There has been little favour from Wall Street or Bay Street. Our timid, dull, unimaginative and infinitely dreary banking/financial system completely failed them, which forced them to look elsewhere for funding, and they went public to escape the VCs.

    Tobi & Co never dwelled on this disappointment. They didn't even really talk about it publicly until, through the press, those august bodies criticized Shopify for "excluding" them from the opportunity for financial involvement in the company's evolution. Shopify's response was unflattering, and I'm sure has generated no small amount of resentment. "Canadian Entrepreneurialism" is an oxymoron, and their big financial support came from the US. I LOVE my American cousins.

    While all this was playing out, Shopify was making quiet little ripples...everywhere. Local media, trade publications, social media, academia, k-postgrad. Incredible grassroots appeal. The young management team have consistently been associated to their local communities, both physically and online.

    There is something quite iconic about their story, and very powerful. And they have already demonstrated a lot of power, despite their still relatively small size. They have not yet begun to flex. Repeat: They have not yet begun to flex.

    And nobody knows exactly what it will look like when they do. We've seen little hints of what they can become, and understandably, we must all keep our eyes open because they can muster significant power already, and it will continue to grow across time. It's easy to see why they are a source of discomfort to certain other powerful interests.

    I believe that the media have been actively positioning Shopify from a youthful David, into a future Goliath. It generates clicks, but also, I think the Establishment is looking to control The Beast. Short sellers and traders love the short term volatility this introduces to share price (of course). As a long, it just goes with the territory in a growth or hybrid stock.

    Anyway, I mention it today, because it demonstrates how everybody is cashing in on the Shopify name. The only relevance, and the only place we see the name, is on the LINK...

    Here's the kicker. The tiny print at the end, when you scroll down to that final bit of the page that they don't really want you to read:
    "Correction: A previous version of this article stated that RockYou2021 was a recent data breach, consisting of 8.4 billion passwords. It has been confirmed that the compilation released on the forum was a combination of words and phrases found on Wikipedia and other previous leaked lists. Some of the words on the list have not been used as passwords and no new data has been breached. The headline and article has been updated. "

    So, They published a click-bait story because there was an urgency to it, but the story was WRONG, yet it remained at the top of my "curated" list. Fluff-to-manipulate.
  • A
    AFM
    Netflix, just like Disney has done, is opening up online merchandise shop for their movies, shows, and characters. They are using Shopify platform for it. The global sales of licensed products tied to shows, movies, and characters were $128B in 2019 — and $49B in the US alone. Great boost to the Shopify GMV.
  • A
    AndrewF
    Short float in SHOP is less than 1.5 percent. Compare that to meme stocks like AMC where the float is around 20 percent. 1.5 tells you there are very few SHOP bears, and that Intellectual, Benjo, and the like are a tiny minority.
  • K
    Kenneth
    Shopify Pay by the way will be the first product used by others outside of Shopify merchants on Facebook and Google. So even if you don't use Shopify it will be available to use on Facebook & Google. This will become just another huge growth driver on earnings and revenues.
  • A
    AndrewF
    Crucial levels breached this morning. SHOP smashed through the 1309 levels and is now trading in the upper 1320s. It’s time for the shorts to get out. We are most likely headed much higher from here. I can still remember several months ago how shorts were calling for the sub 1000s. They have had to eat a massive loss since then. The sky maybe has one cloud in it right now for the longs, other than that it is completely blue. Congrats to those of you that kept the faith, this stock continues to demonstrate its resiliency in the face of adversity.
  • M
    Mucho
    So glad to be aboard this train. This stock and company are on a roll. Time to take out the old high. 😎