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Shopify (SHOP)

(Delayed Data from NYSE)

$78.99 USD

78.99
6,189,559

+0.78 (1.00%)

Updated Nov 1, 2024 04:00 PM ET

After-Market: $78.96 -0.03 (-0.04%) 7:58 PM 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 Buy24.10%
2Buy17.80%
3Hold9.50%
4Sell2.70%
5Strong Sell2.70%
S&P50011.20%

Zacks Rank Education - Learn about the Zacks Rank

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1-Strong Buy of 5 1        

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

F Value B Growth C Momentum D 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

Top 28% (70 out of 250)

Industry: Internet - Services

Better trading starts here.

Zacks News

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.

What Awaits Warner Bros. Discovery (WBD) in Q2 Earnings?

Warner Bros. Discovery's (WBD) second-quarter results are likely to reflect persistent softness in advertising revenues and subscriber growth in viewership amid cost-cutting measures.

Unity Software (U) to Post Q2 Earnings: What's in the Cards?

Unity Software's (U) second-quarter performance is expected to have suffered due to the shutdown of many verticals.

DoorDash (DASH) Reports Q2 Loss, Beats Revenue Estimates

DoorDash's (DASH) second-quarter 2024 results reflect strength in total orders and Marketplace GOV.

RingCentral's (RNG) Q2 Earnings & Revenues Surpass Estimates

RingCentral's (RNG) second-quarter 2024 results benefit from a robust product portfolio and strong subscription revenue growth.

GoDaddy (GDDY) Q2 Earnings Beat Estimates, Revenues Rise Y/Y

GoDaddy's (GDDY) second-quarter 2024 results reflect strong momentum across the Applications & Commerce business and an expanding global footprint.

WESCO (WCC) Q2 Earnings Lag Estimates, Revenues Dip Y/Y

WESCO's (WCC) second-quarter 2024 results reflect sluggishness in the EES and UBS segments.

Microchip (MCHP) Q1 Earnings Beat Estimates, Sales Decline Y/Y

Microchip's (MCHP) first-quarter fiscal 2025 results suffer from challenging macroeconomic conditions that hurt customer demand.

Apple (AAPL) Beats Q3 Earnings Estimates, Revenues Up Y/Y

Apple's (AAPL) third-quarter fiscal 2024 results benefit from strong services growth and Mac sales.

Paylocity's (PCTY) Q4 Earnings & Revenues Surpass Estimates

Paylocity's (PCTY) fourth-quarter fiscal 2024 earnings and revenues benefit from operational cost control and better sales execution.

SNAP Q2 Earnings Match Estimates, User Growth Drives Revenues

SNAP's second-quarter 2024 results reflect steady user growth and an increase in Snapchat+ users, driven by continued demand for Spotlight, Stories and AR Lens.

Insights Into Shopify (SHOP) Q2: Wall Street Projections for Key Metrics

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Shopify (SHOP), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.

Arrow Electronics (ARW) Q2 Earnings Beat, Revenues Fall Y/Y

Arrow Electronics' (ARW) second-quarter 2024 results reflect lower revenues and unfavorable foreign currency exchange rates.

Shopify Inc. (SHOP) Is a Trending Stock: Facts to Know Before Betting on It

Shopify (SHOP) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

ServiceNow and Lamb Weston have been highlighted as Zacks Bull and Bear of the Day

ServiceNow and Lamb Weston are part of the Zacks Bull and Bear of the Day article.

Fair Isaac (FICO) Q3 Earnings Miss Estimates, Revenues Increase

Fair Isaac's (FICO) third-quarter fiscal 2024 results benefit from higher revenues from mortgage originations.

FormFactor (FORM) Q2 Earnings & Revenues Surpass Estimates

FormFactor's (FORM) second-quarter 2024 results benefit from robust demand for probe cards with increased revenues in the DRAM.

Cognizant (CTSH) Q2 Earnings Beat Estimates, Revenues Down Y/Y

Cognizant's (CTSH) second-quarter 2024 results suffer from a challenging macroeconomic environment and cautious client spending.

Reddit (RDDT) to Report Q2 Earnings: What's in the Cards?

Reddit's (RDDT) second-quarter 2024 results are expected to reflect the benefits of expanding daily active uniques and the Open AI partnership.

Astera Labs (ALAB) to Report Q2 Earnings: What's in Store?

Astera Labs' (ALAB) second-quarter 2024 results are expected to reflect strong demand for AI-enabled servers and data center infrastructure.

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Buy These 3 Stocks With Strong Upside Left Ahead of Earnings

Three stocks with a combination of favorable Zacks Rank, a possible earnings beat and solid price potential are: TWLO, SHOP, TTWO.

AMD Q2 Earnings Beat Estimates, Shares Up on Strong Q3 View

AMD's second-quarter 2024 results reflect robust Client and Data Center revenues, offsetting weakness in the Gaming and Embedded segments.

Skyworks (SWKS) Q3 Earnings Meet Estimates, Revenues Down Y/Y

Skyworks' (SWKS) third-quarter fiscal 2024 results reflect strength in broad markets and edge IoT product line amid a challenging macroeconomic environment.