Professional
Added to YB: 2024-05-16
Pitch date: 2024-05-13
SHOP [bullish]
Shopify Inc.
+172.5%
current return
Author Info
No bio for this author
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
$206.2B
Pitch Price
$58.66
Price Target
110.00 (-33%)
Dividend
N/A
EV/EBITDA
119.82
P/E
116.87
EV/Sales
18.73
Sector
IT Services
Category
growth
Shopify Inc.: Solid quarter caps growth year
SHOP: Beat Q1 rev & EPS, +20% growth, but sold off on soft Q2 guide. Margins up on logistics exit. GMV +23% YoY. AI focus improves service. Rebound from '22 slump on growth & margins. $110 PT on 19% rev growth ex-logistics & margin expansion. Still below peak val. Risks: Logistics exit, competition, security. Founder-CEO alignment. 2Y fwd P/E 53x, P/S 8x. BUY for risk-tolerant on volatility.
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