Shopify (SHOP) Stock

Shopify reportedly is targeting enterprises as it works to maintain the growth of its commerce platform. Long focused on helping small businesses set up their online shops, the company has launched a dedicated effort to add bigger companies like its existing clients Reebok, Overstock and Barnes & Noble, the Wall Street Journal (WSJ) reported Wednesday (Nov. 27).

Reno, Nevada--(Newsfile Corp. - November 26, 2024) - White Peak, a leading e-commerce optimization agency, is empowering Shopify store owners with a new solution: the Shopify Conversion Audit. This comprehensive service offers a way to improve conversion rates and average order value, without relying solely on expensive advertising campaigns.

The chief executive of Shopify Inc (TSX:SH., NYSE:SHOP) has come out in defence of President-elect Donald Trump's plans for tariffs on neighbors, but said they will be "incredibly painful" for Canada.

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SHOP's robust growth is driven by strong FQ3'24 performance, increased GMV, and higher Annual Recurring Revenue, making it a high-growth investment despite the premium valuations. The company's divestment of the logistics business and focus on the highly sticky e-commerce segment enhances its profitability and long-term growth, supported by the promising FQ4'24 guidance. Despite the impressive profitable growth, SHOP's current valuations offer a minimal margin of safety, with the stock's historical price trend implying further downside from current levels.

Does Shopify (SHOP) have what it takes to be a top stock pick for momentum investors? Let's find out.

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The scorching post-election rally that lifted stocks across all market capitalizations and verticals paused this past week. Even post-earning surges in select CE 100 names were not enough to lift the overall index, which slipped 1.5%.