Shopify Q3: Strong Growth In Large Merchants, But Stock Overvalued
Portfolio Pulse from
Shopify's Q3 results show strong growth in large merchants with 26% revenue growth and 24% GMV growth. Despite this, the stock is considered overvalued with a fair value estimate of $87 per share. Future growth is expected from large merchants and international expansion, but revenue growth may decelerate.
November 12, 2024 | 9:00 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Shopify's Q3 results exceeded expectations with strong growth, but the stock is considered overvalued. A 'Sell' rating is maintained with a fair value estimate of $87 per share.
Despite strong Q3 results with 26% revenue growth, the stock is seen as overvalued. The 'Sell' rating and fair value estimate of $87 suggest a potential price decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100