Shopify Inc. - Class A Subordinate Voting Shares (SHOP)
96.68
+0.00 (0.00%)
NYSE · Last Trade: Oct 3rd, 7:25 PM EDT
Detailed Quote
Previous Close
96.68
Open
-
Bid
95.86
Ask
96.30
Day's Range
N/A - N/A
52 Week Range
77.12 - 129.38
Volume
0
Market Cap
-
PE Ratio (TTM)
54.01
EPS (TTM)
1.8
Dividend & Yield
N/A (N/A)
1 Month Average Volume
-
Chart
About Shopify Inc. - Class A Subordinate Voting Shares (SHOP)
Shopify Inc is a leading e-commerce platform that enables businesses of all sizes to create, manage, and grow their online stores. The company provides a comprehensive suite of tools and services for merchants, including website design, payment processing, inventory management, and marketing solutions. By offering a user-friendly interface and customizable features, Shopify empowers entrepreneurs and established brands to reach customers across various sales channels, including social media and brick-and-mortar locations. Additionally, Shopify continues to innovate with new offerings such as fulfillment services and app integrations, making it a flexible solution for modern retail needs. Read More
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Shares of e-commerce platform Shopify (NYSE:SHOP) jumped 6.8% in the afternoon session after the company received positive analyst commentary following the announcement of a new partnership with OpenAI's ChatGPT. TD Securities reinstated coverage with a Hold rating but increased its price target to $156 from $130. The collaboration integrated an 'Instant Checkout' feature within ChatGPT, allowing merchants to sell products directly to consumers. Analysts highlighted that, unlike many large tech companies, Shopify could monetize this artificial intelligence integration without heavy capital spending, allowing the new revenue to contribute directly to free cash flow.
Shopify's growth backed by expansion opportunities, with 42% GMV growth in Europe. Price target raised to $156, concerns about potential slowdown and AI use.
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