Professional
Added to YB: 2024-02-20
Pitch date: 2024-02-16
SHOP [bullish]
Shopify Inc.
+54.85%
current return
Author Info
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Company Info
Shopify Inc., a commerce technology company, provides tools to start, scale, market, and run a business of various sizes in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.
Market Cap
$154.8B
Pitch Price
$79.95
Price Target
110.00 (-11%)
Dividend
N/A
EV/EBITDA
76.90
P/E
126.29
EV/Sales
12.82
Sector
IT Services
Category
growth
Shopify Inc.: Solid Quarter Caps Growth Year
SHOP: BUY, $110 PT (from $80). Q4 beat: $2.14B rev (+20% YoY), $0.34 non-GAAP EPS, GMV +23%. Muted reaction on low Q1 guide (low-20%) due to exit from delivery & logistics to focus on AI service. Flexport deal & pivot to fuel margin growth. Stock +124% YTD vs peers +70%, still undervalued long-term despite pullback from freemium & layoffs. $5B cash, Shopify Magic & One Page Checkout to boost merchant experience. Merchant services, global reach & customer focus key for growth.
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