Shopify Q3 Earnings: Strong Growth Momentum Continues, But Stock May Drop In The Near Term (Rating Downgrade)
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Shopify's Q3 FY2024 earnings show strong growth with increased revenue and GMV due to price hikes and merchant growth. The 4Q outlook is even stronger, with expected higher growth and improved operating margins. However, the stock may face a near-term drop due to a rating downgrade.
November 15, 2024 | 1:45 pm
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Shopify's Q3 earnings show strong growth, but a rating downgrade may lead to a near-term stock drop despite positive 4Q outlook.
Despite strong Q3 earnings and a positive 4Q outlook, the stock may drop in the near term due to a rating downgrade. This downgrade could overshadow the positive earnings news, leading to a negative short-term impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100