Can Shopify Stock Rebound? Key Insights Ahead of Q2 Earnings
Portfolio Pulse from Henry Khederian
Shopify Inc (NYSE:SHOP) is set to report its Q2 earnings, with JPMorgan analysts highlighting key factors such as growth sustainability and cost management. Despite a recent share price drop, JPMorgan rates Shopify as Overweight with a $74 price target by December 2025, suggesting a 42% upside. Risks include macroeconomic challenges and slower growth in GMV/GPV.
August 06, 2024 | 10:06 pm
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Shopify Inc (NYSE:SHOP) is set to report its Q2 earnings. JPMorgan analysts highlight the importance of growth sustainability and cost management. Despite a recent share price drop, JPMorgan rates Shopify as Overweight with a $74 price target by December 2025, suggesting a 42% upside.
The upcoming Q2 earnings report is crucial for Shopify as it seeks to rebound from a recent share price drop. JPMorgan's positive rating and price target suggest potential upside, but the market's current valuation indicates skepticism about growth and cost control. If Shopify meets or exceeds expectations, the stock could see a positive short-term impact.
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