Shopify (SHOP) PT Lowered to $90 at Citi

Shopify (SHOP) PT Raised to $85 at Morgan Stanley

August 7, 2024 4:10 PM EDT

Morgan Stanley analyst Keith Weiss raised the price target on Shopify (NYSE: SHOP) to $85.00 (from $80.00) while maintaining a Overweight rating.

The analyst comments "Growth initiatives across Enterprise, POS & International enable Shopify to exceed top-line expectations despite an uneven macro. At the same time,... More

Midday movers: Super Micro Computer, Airbnb and Lyft fall; Shopify rises

August 7, 2024 7:57 AM EDT

(Updated - August 7, 2024 12:28 PM EDT)

Investing.com -- U.S. stock futures rose Wednesday, continuing to rebound after the tech-led rout at the start of the week.

Here are some of the biggest U.S. stock movers today:

Walt Disney (NYSE: DIS) stock fell 2.4% in volatile trading after the entertainment giant reported a drop in profits at its Experiences segment that includes parks and consumer products, which makes up just over... More

Shopify stock soars over 20% on very strong Q2 report, upbeat guidance

August 7, 2024 7:14 AM EDT

(Updated - August 7, 2024 9:45 AM EDT)

Shopify (NYSE: SHOP) saw its shares soar more than 20% in premarket trading Wednesday after the e-commerce company posted better-than-expected results for the fiscal second quarter and issued upbeat guidance for the current quarter.

The company reported Q2 earnings per share (EPS) of $0.26, beating the consensus projection of $0.20. Revenue came in at... More

Shopify soars as AI focus powers quarterly beat, bullish forecast

August 7, 2024 7:09 AM EDT

(Reuters) -Shopify beat analysts' estimates for second-quarter results and forecast upbeat sales growth on Wednesday as its AI-enabled tools attracted more merchants to its e-commerce services, sending its shares up more than 20%.

The Canadian company, which helps small and medium businesses build an online store as well as sell, has been rolling out artificial intelligence-powered features and in June increased the availability of such tools.

Shopify's U.S.-listed... More

Shopify (SHOP) Tops Q2 EPS by 6c, Offers Outlook

August 7, 2024 7:03 AM EDT

Shopify (NYSE: SHOP) reported Q2 EPS of $0.26, $0.06 better than the analyst estimate of $0.20. Revenue for the quarter came in at $2.05 billion versus the consensus estimate of $2.01 billion.

2024 Outlook

For the third quarter of 2024, we expect:

Revenue to... More

Futures rebound, Walt Disney, BOJ - what's moving markets

August 7, 2024 5:26 AM EDT

Investing.com -- Wall Street looks set to continue the rebound from Monday's sharp selloff, helped by the Bank of Japan ruling out further rate hikes during this period of turbulence. The global earnings season has continued, and the focus Wednesday is likely to be on numbers from entertainment giant Walt Disney . 

1. Futures continue to rebound after rout

U.S. stock futures rose Wednesday, continuing the gains of the previous session after Wall Street snapped three days... More

Shopify (SHOP) August 9 weekly option implied volatility into quarter results

August 6, 2024 10:29 AM EDT

Shopify (NYSE: SHOP) August 9 weekly calls option implied volatility is at 164, August is at 103; compared to its 52-week range of 33 to 76 into expected release of quarter results before the bell on August 7.

... More

Shopify (SHOP) PT Lowered to $55 at Truist Securities

August 6, 2024 7:14 AM EDT

(Updated - August 6, 2024 7:45 AM EDT)

Truist Securities analyst Terry Tillman lowered the price target on Shopify (NYSE: SHOP) to $55.00 (from $65.00) while maintaining a Hold rating.

The analyst commented: "Based on Truist Card Data, we see the potential for more... More