Publicly traded since 2015, Shopify (SHOP) is a Canadian-based tech company that provides affordable e-commerce tools to merchants, including inventory management, sales and payments management, financial reporting, consumer analytics, and more. I am bullish on the stock. (See SHOP stock charts on TipRanks) Another Earnings Beat The two predominant factors to look at when analyzing growth stocks are earnings growth, and earnings consensus. Shopify has managed to beat its revenue estimates for 16 straight quarters and its EPS targets for six consecutive quarters. Shopify reported $1.11 billion in second-quarter revenue, a 55.4% year-over-year increase. Subscription-based revenue grew by 70% due to an intense increase in new merchants.
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Shopify (NYSE:SHOP)
Historical Stock Chart
From Dec 2021 to Jan 2022 Click Here for more Shopify Charts.
Shopify (NYSE:SHOP)
Historical Stock Chart
From Jan 2021 to Jan 2022 Click Here for more Shopify Charts.