Should I Buy Shopify Stock After Earnings?
The market spotlight has returned to Shopify (NYSE: SHOP) after its fourth quarter and 2024 earnings report. The e-commerce giant's figures highlighted a business that continues to expand at a brisk pace.The challenge for investors is whether that makes Shopify a buy. The stock has risen significantly since bottoming out in October 2022, and with a rising valuation, can investors still profit from it, or should they stay on the sidelines?For 2024, Shopify reported revenue of almost $8.9 billion, a 26% increase from 2023. Both of its segments contributed to this, with its platform-driven subscription services segment rising 28% and its merchant-services business increasing revenue by 25%.Continue reading
The market spotlight has returned to Shopify (NYSE: SHOP) after its fourth quarter and 2024 earnings report. The e-commerce giant's figures highlighted a business that continues to expand at a brisk pace.
The challenge for investors is whether that makes Shopify a buy. The stock has risen significantly since bottoming out in October 2022, and with a rising valuation, can investors still profit from it, or should they stay on the sidelines?
For 2024, Shopify reported revenue of almost $8.9 billion, a 26% increase from 2023. Both of its segments contributed to this, with its platform-driven subscription services segment rising 28% and its merchant-services business increasing revenue by 25%.
