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Shopify (SHOP)

(Real Time Quote from BATS)

$78.42 USD

78.42
1,573,406

+3.20 (4.25%)

Updated Sep 19, 2024 10:44 AM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy23.68%
2Buy17.55%
3Hold9.21%
4Sell4.93%
5Strong Sell2.36%
S&P50010.96%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

D Value A Growth D Momentum C VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

Zacks Rank Education -- Learn more about the Zacks Rank
Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Bottom 46% (135 out of 251)

Industry: Internet - Services

Better trading starts here.

Zacks News

Shopify Inc. (SHOP) is Attracting Investor Attention: Here is What You Should Know

Zacks.com users have recently been watching Shopify (SHOP) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Shopify (SHOP) is an Incredible Growth Stock: 3 Reasons Why

Shopify (SHOP) could produce exceptional returns because of its solid growth attributes.

Shaun Pruitt headshot

Should Investors Chase the Post Earnings Rally in Shopify's (SHOP) Stock?

Shopify's (SHOP) stock has soared over +20% since exceeding its Q2 top and bottom line expectations on Tuesday, but should investors chase the rally?

Shopify (SHOP) Q2 Earnings Beat Estimates, Revenues Rise Y/Y

Shopify's (SHOP) second-quarter 2024 results benefit from growth in merchant solutions revenues and an expanding merchant base.

Company News for Aug 8, 2024

Companies In The Article Are:SHOP, SUN, CIM,NVO

Money Lion and United Parcel Service have been highlighted as Zacks Bull and Bear of the Day

Money Lion and United Parcel Service have been highlighted as Zacks Bull and Bear of the Day

Bryan Hayes headshot

Markets Stage Comeback with Second Rally Attempt Underway: Stocks to Watch

Market participants are shifting their focus back to earnings results in addition to upcoming inflation reports.

Investors Await Initial Jobless Claims Report

Investors Await Initial Jobless Claims Report

Pre-Markets in the Green as Rebound Continues

U.S. stock futures are trying to hold on to yesterday???s rebound after three straight sessions of bloodbath.

Compared to Estimates, Shopify (SHOP) Q2 Earnings: A Look at Key Metrics

While the top- and bottom-line numbers for Shopify (SHOP) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Shopify (SHOP) Q2 Earnings and Revenues Beat Estimates

Shopify (SHOP) delivered earnings and revenue surprises of 30% and 2.03%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?

Qualys (QLYS) Q2 Earnings Beat Estimates, Revenues Rise Y/Y

Qualys' (QLYS) second-quarter results reflect its partner ecosystem and better cost management, partially offset by the negative impact of customers transitioning from Microsoft Defender to TotalCloud CNAPP.

Will Healthy Revenue Growth Boost Akamai's (AKAM) Q2 Earnings?

Healthy demand in security and compute verticals is likely to have positively impacted Akamai's (AKAM) top line in the second quarter.

Teradata (TDC) Q2 Earnings Beat Estimates, Revenues Fall Y/Y

Teradata's (TDC) second-quarter 2024 results indicate weak growth in recurring revenues due to sluggish demand.

CyberArk (CYBR) to Report Q2 Earnings: What's in the Offing?

CyberArk's (CYBR) Q2 performance is likely to have benefited from a strong demand environment and its strategic mix shift toward software-as-a-service and subscription-based solutions.

Gray Television (GTN) to Report Q2 Earnings: What's in Store?

Gray Television's (GTN) second-quarter performance is expected to have benefited from the steady demand for sporting events and increasing core advertising revenues.

Take-Two (TTWO) to Report Q1 Earnings: What's in Store?

Take-Two's (TTWO) fiscal first-quarter performance is expected to have been adversely impacted by dullness in recurring consumer spending despite the company's robust portfolio of video game titles.

Paramount Global (PARA) to Report Q2 Earnings: What's in Store?

Paramount Global's (PARA) second-quarter performance is expected to have been aided by the company's expanding content catalog and growing streaming services amid tepid Content-licensing revenues.

Factors to Note Ahead of Onto Innovation's (ONTO) Q2 Earnings

Onto Innovation's (ONTO) Q2 performance is expected to have benefited from its Dragonfly inspection system.

Inseego (INSG) to Report Q2 Earnings: What's in the Cards?

Inseego's (INSG) second-quarter performance is expected to have benefited from robust carrier demand for Inseego's mobile products.

Diebold Nixdorf (DBD) to Report Q2 Earnings: What's in the Cards?

Diebold Nixdorf (DBD) second-quarter 2024 performance is likely to reflect benefits from continued strong product backlog and growing managed services offering.

Aniruddha Ganguly headshot

Is Shopify (SHOP) Stock a Smart Buy Before Q2 Earnings Report?

Shopify's (SHOP) second-quarter 2024 performance is expected to reflect benefits from the growing adoption of merchant-friendly solutions.

What's in Store for Alpha and Omega's (AOSL) Q4 Earnings?

Alpha and Omega's (AOSL) fourth-quarter fiscal 2024 results are likely to reflect strength in Computing, Consumer, and Power Supply and Industrial segments.

What's in Store for American Superconductor's (AMSC) Q1 Earnings?

American Superconductor's (AMSC) first-quarter fiscal 2024 results are likely to reflect growing momentum across Wind and Grid segments.

News Corporation (NWSA) to Report Q4 Earnings: What's in Store?

News Corporation's (NWSA) fourth-quarter fiscal 2024 performance is expected to have benefited from the integration of OPIS and CMA, offset by challenges in the Digital Real Estate segment.