Why Shopify (SHOP) Stock Tumbled 12% Today

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Go back to Why Shopify (SHOP) Stock Tumbled 12% Today

Stifel on Shopify (SHOP): 'we believe it is likely that the company will reduce the pace of its investments'

July 26, 2022 11:23 AM EDT

Stifel analyst Scott Devitt reiterated a Buy rating and {REMOVEPT} price target on Shopify (NYSE: SHOP).

The analyst comments "In this morning's memo, CEO Tobi Lütke suggested that the growth rate of U.S. eCommerce adoption, per the US Census Bureau, is returning to a similar trajectory as before the pandemic. Through the... More

Shopify (SHOP) is now down 16% on major job cuts

July 26, 2022 9:54 AM EDT

Shopify (NYSE: SHOP) is now down 16% on major job cuts.

... More