Shopify: Bullish Despite Macro Headwinds - Reiterate Buy
Shopify(SHOP) Seeking Alpha·2024-09-07 22:00
alberto clemares expósito SHOP's High Growth Investment Thesis Is Undeniable, With Robust Bullish Support We previously covered Shopify Inc. (NYSE:SHOP) in May 2024, discussing why we had reiterated our Buy rating as the market over-reacted to the FQ1'24 adj EPS miss/ supposedly softer FQ2'24 guidance and the stock consequently fell below our previous recommended entry point around the $65s. With the e-commerce platform still reporting robust monthly recurring revenue/ subscription growth, growing adj ...