1 Wall Street Analyst Thinks Shopify Is Going to $150. Is It a Buy?
Shopify (NYSE: SHOP) has dominated e-commerce software for at least a decade, and the company's latest report showed that it still has no sign of slowing down even after years of monster growth.In the fourth quarter, Shopify's gross merchandise value (GMV) rose 26% to $94.5 billion, and revenue jumped 31% to $2.81 billion, ahead of the consensus at $2.73 billion. Adjusted earnings per share rose from $0.34 to $0.44, topping estimates by a penny.Continue reading
Shopify (NYSE: SHOP) has dominated e-commerce software for at least a decade, and the company's latest report showed that it still has no sign of slowing down even after years of monster growth.
In the fourth quarter, Shopify's gross merchandise value (GMV) rose 26% to $94.5 billion, and revenue jumped 31% to $2.81 billion, ahead of the consensus at $2.73 billion.
Adjusted earnings per share rose from $0.34 to $0.44, topping estimates by a penny.
