Ultime notizie per Shopify (NYSE:SHOP) Azioni

Shopify

Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. The subscription solutions segment allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company's website, physical stores, pop-up stores, kiosks, social networks (Facebook), and Amazon. The merchant solutions segment offers add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.

Shopify Inc. Class A Subordinate Voting Shares

Shopify Inc

SHOPX

Sunstone Hotel Investors, Inc. 6.125% Series H Cumulative Redeemable Preferred Stock

Sunstone Hotel Investors Inc

Sunstone Hotel Investors, Inc. 5.70% Series I Cumulative Redeemable Preferred Stock

SHOPIFY CL A SUB VTG ORD

Shopping

SHOPRITE HLDGS LTD S/ADR by Shoprite Holdings Ltd.

Shoprite Holdings Ltd

SHOPRITE HLDGS LTD ORD by Shoprite Holdings Ltd.

Cantor Fitzgerald analyst Deepak Mathivanan reiterates Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) with a Neutral and maintains $70 price target.

News

Price Target

Reiteration

Analyst Ratings

SHOP

Cantor Fitzgerald Reiterates Neutral on Shopify, Maintains $70 Price Target

Whales with a lot of money to spend have taken a noticeably bullish stance on Shopify.
Looking at options history for Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 62% of the investors opened trades with bullish expectations and 25% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $97,521 and 5, calls, for a total amount of $295,670.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $65.0 to $120.0 for Shopify during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
In terms of liquidity and interest, the mean open interest for Shopify options trades today is 5355.67 with a total volume of 309.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Shopify's big money trades within a strike price range of $65.0 to $120.0 over the last 30 days.
<h3>Shopify 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728310710_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$9.05</td>
<td>$8.95</td>
<td>$9.05</td>
<td>$80.00</td>
<td>$90.5K</td>
<td>10.4K</td>
<td style="text-align: right;">40</td>
</tr>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$7.45</td>
<td>$0.23</td>
<td>$7.45</td>
<td>$120.00</td>
<td>$89.4K</td>
<td>3.7K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$19.2</td>
<td>$19.15</td>
<td>$19.2</td>
<td>$65.00</td>
<td>$48.0K</td>
<td>8.4K</td>
<td style="text-align: right;">26</td>
</tr>
<tr>
<td>SHOP</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$9.4</td>
<td>$9.3</td>
<td>$9.3</td>
<td>$85.00</td>
<td>$37.2K</td>
<td>3.4K</td>
<td style="text-align: right;">55</td>
</tr>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$9.0</td>
<td>$8.85</td>
<td>$8.94</td>
<td>$80.00</td>
<td>$35.7K</td>
<td>10.4K</td>
<td style="text-align: right;">40</td>
</tr>
</tbody>
</table>

<h3>About Shopify</h3>
Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. The subscription solutions segment allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company's website, physical stores, pop-up stores, kiosks, social networks (Facebook), and Amazon. The merchant solutions segment offers add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.
<h3>Current Position of Shopify</h3>
<ul>
<li>With a volume of 1,024,442, the price of SHOP is down -1.54% at $81.16. </li>
<li>RSI indicators hint that the underlying stock may be overbought.</li>
<li>Next earnings are expected to be released in 24 days.</li>
</ul>
<h3>Professional Analyst Ratings for Shopify</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $88.4.
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&#x2A; Reflecting concerns, an analyst from JMP Securities lowers its rating to Market Outperform with a new price target of $80. 
&#x2A; An analyst from Redburn Atlantic has elevated its stance to Buy, setting a new price target at $99. 
&#x2A; An analyst from Barclays has decided to maintain their Equal-Weight rating on Shopify, which currently sits at a price target of $70. 
&#x2A; An analyst from Wells Fargo has decided to maintain their Overweight rating on Shopify, which currently sits at a price target of $90. 
&#x2A; An analyst from Citigroup persists with their Buy rating on Shopify, maintaining a target price of $103. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Shopify, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Markets

A Closer Look at Shopify's Options Market Dynamics

On CNBC's &#8220;Mad Money Lightning Round,&#8221; Jim Cramer said FTAI Aviation Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTAI#NASDAQ">FTAI</a>) is &#8220;too high&#8221; for him and pre<a href="https://www.benzinga.com/quote/FTAI/analyst-ratings">fers to be in</a> RTX Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>).
RTX, last week, said Raytheon has secured a three-year, two-phase contract from DARPA to develop foundational ultra-wide bandgap semiconductors.
AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) is &#8220;just too hot,&#8221; Cramer said.
On Oct. 2, AST SpaceMobile announced completion of redemption of public warrants.
The &#8220;Mad Money&#8221; host recommended buying Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>), adding that it is at a great level to buy.
On Oct. 1, Barclays analyst Trevor Young maintained Shopify with an Equal-Weight rating and raised the price target from $65 to $70.
Cramer said no to First Watch Restaurant Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWRG#NASDAQ">FWRG</a>).
On Oct. 4, Guggenheim analyst Gregory Francfort maintained First Watch Restaurant with a Buy and lowered the price target from $24 to $20.
FIGS, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIGS#NYSE">FIGS</a>) is &#8220;not expensive and a very good spec,&#8221; Cramer said.
On Aug. 8, FIGS posted better-than-expected earnings for its second quarter.
Price Action:
<ul>
<li>FTAI Aviation shares gained 5% to settle at $140.15 on Friday.</li>
<li>AST SpaceMobile shares gained 12.5% to close at $26.11 during the session.</li>
<li>Shopify shares gained 5.5% to close at $82.43 during Friday's session.</li>
<li>Figs shares gained 3.6% to close at $46.70 on Friday.</li>
<li>First Watch Restaurant Group shares gained 0.8% to settle at $14.51 on Friday.</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/10/41196046/wall-streets-most-accurate-analysts-give-their-take-on-3-energy-stocks-delivering-high-dividend-yiel">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Energy Stocks Delivering High-Dividend Yields</a></li>
</ul>
Image: Shutterstock

Long Ideas

Media

Trading Ideas

ASTS

FIGS

FTAI

FWRG

Jim Cramer: AST SpaceMobile Is 'Just Too Hot,' Recommends Buying This Tech Stock

A hotter-than-expected jobs report spurred a premarket rally on Wall Street Friday, showcasing the U.S. economy&#8217;s resilience and easing concerns <a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41184080/us-economy-adds-254-000-new-jobs-in-september-smashes-expectations-unemployment-f">over an economic slowdown. </a>
The strong labor data also led traders to rethink the Federal Reserve&#8217;s aggressive rate cuts, resulting in a jump in the dollar and Treasury yields.
What Happened: The U.S. economy added 254,000 jobs in September, far exceeding the expected 140,000. This marks an acceleration from August&#8217;s 159,000 figure and well above the 12-month average of 230,000. Payrolls for both July and August were upwardly revised by 55,000 and 17,000, respectively.
Private sector payrolls accounted for 223,000 jobs, while the government added 31,000. The unemployment rate fell unexpectedly by 0.1% to 4.1%, beating the forecasted 4.2%.
Wages grew by 0.4% in September, surpassing the expected 0.3%. 
Why It Matters: The stronger-than-expected pace of job addition, coupled with a surprisingly lower unemployment rate and higher wage growth, signals a strong consumer spending outlook, which could lift corporate earnings, particularly as we head into the fourth quarter.
Yet the labor market&#8217;s strength also complicates the Federal Reserve&#8217;s efforts to curb inflation. Higher wages could stoke consumer demand, putting upward pressure on prices, potentially slowing disinflation efforts. This may lead the Fed to delay or scale back anticipated interest rate cuts.
Before the jobs report, the market had priced in a 30% chance of a 50-basis-point rate cut in November, according to the CME FedWatch Tool. Following the data release, those odds plummeted to 11%. 
<h3 class="wp-block-heading">Market Reactions:</h3>
<ul>
<li>The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) jumped 0.9% in premarket trading, edging closer to its recent record highs.</li>
<li>The Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which tracks major tech stocks, rallied 1.4%, driven by strong gains in the semiconductor sector. The iShares Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NYSE">SOXX</a>) surged 2.1%.</li>
<li>Blue chips rose as well, with the SPDR Dow Jones Industrial Average ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) up by 0.7%.</li>
<li>Small caps outperformed large caps. The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rallied 1.7%. </li>
<li>Yields on the 10-year Treasury bond soared by 11 basis points to 3.96%. Yields on the policy-sensitive two-year note spiked by 15 basis points to 3.87%.</li>
<li>The iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) tumbled 1.2%. </li>
<li>The U.S. Dollar Index, which is tracked by the&nbsp;Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>), rose 0.7%.</li>
</ul>
<h3 class="wp-block-heading">Top Gainers Post-Jobs Report:</h3>
Using the Movers function on <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent100424&amp;t=be2bearmibe3na1">Benzinga Pro</a>, here are the top performers among U.S. mega-cap stocks in the 30 minutes following the release of the September jobs data.
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Company Name</th>
<th>Price</th>
<th>Change</th>
</tr>
</thead>
<tbody>
<tr>
<td>KLA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>)</td>
<td>$799.25</td>
<td>+3.18%</td>
</tr>
<tr>
<td>Mitsubishi UFJ Financial Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUFG#NYSE">MUFG</a>)</td>
<td>$10.18</td>
<td>+3.18%</td>
</tr>
<tr>
<td>Applied Materials Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>)</td>
<td>$205.53</td>
<td>+2.10%</td>
</tr>
<tr>
<td>Lam Research Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>)</td>
<td>$83.60</td>
<td>+2.08%</td>
</tr>
<tr>
<td>Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>)</td>
<td>$166.90</td>
<td>+1.92%</td>
</tr>
<tr>
<td>ARM Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>)</td>
<td>$142.44</td>
<td>+1.91%</td>
</tr>
<tr>
<td>Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>)</td>
<td>$80.02</td>
<td>+1.67%</td>
</tr>
<tr>
<td>Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>)</td>
<td>$175.66</td>
<td>+1.66%</td>
</tr>
<tr>
<td>Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>)</td>
<td>$510.58</td>
<td>+1.59%</td>
</tr>
<tr>
<td>Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>)</td>
<td>$39.96</td>
<td>+1.56%</td>
</tr>
<tr>
<td>Texas Instruments Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>)</td>
<td>$204.82</td>
<td>+1.56%</td>
</tr>
</tbody>
</table>
</figure>
Read Next:
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<li><a href="https://www.benzinga.com/news/24/10/41182466/spirit-airlines-drops-over-40-amid-bankruptcy-discussions">Spirit Airlines Drops Over 40% Amid Bankruptcy Discussions</a></li>
</ul>
Photo via Shutterstock.

Macro Economic Events

Sector ETFs

Broad U.S. Equity ETFs

Econ #s

Economics

Federal Reserve

Movers

ETFs

ADBE

AMAT

AVGO

SPDR Dow Jones Industrial Average ETF Trust

KLAC

LRCX

MUFG

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

iShares Trust Barclays 20+ Year Treasury Bond Fund

PowerShares DB US Dollar Index Bullish Fund

S&P 500 Nears Record Highs On Hot Jobs Data: Dollar, Treasury Yields Surge As Aggressive Interest Rate Cut Hopes Fade

Barclays analyst Trevor Young maintains Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) with a Equal-Weight and raises the price target from $65 to $70.

Barclays Maintains Equal-Weight on Shopify, Raises Price Target to $70

Investors with a lot of money to spend have taken a bullish stance on Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with SHOP, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 9 options trades for Shopify.
This isn't normal.
The overall sentiment of these big-money traders is split between 44% bullish and 44%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $31,100, and 8, calls, for a total amount of $516,921.
<h3>Projected Price Targets</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $40.0 to $100.0 for Shopify over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Shopify's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Shopify's whale activity within a strike price range from $40.0 to $100.0 in the last 30 days. 
<h3>Shopify Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727797588_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$22.8</td>
<td>$22.3</td>
<td>$22.3</td>
<td>$70.00</td>
<td>$131.5K</td>
<td>2.2K</td>
<td style="text-align: right;">12</td>
</tr>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$6.7</td>
<td>$6.65</td>
<td>$6.7</td>
<td>$80.00</td>
<td>$111.2K</td>
<td>4.1K</td>
<td style="text-align: right;">220</td>
</tr>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$22.8</td>
<td>$22.3</td>
<td>$22.3</td>
<td>$70.00</td>
<td>$60.2K</td>
<td>2.2K</td>
<td style="text-align: right;">98</td>
</tr>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/19/25</td>
<td>$41.45</td>
<td>$40.95</td>
<td>$41.17</td>
<td>$40.00</td>
<td>$57.6K</td>
<td>63</td>
<td style="text-align: right;">14</td>
</tr>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$29.45</td>
<td>$29.35</td>
<td>$29.45</td>
<td>$50.00</td>
<td>$50.0K</td>
<td>5.5K</td>
<td style="text-align: right;">2</td>
</tr>
</tbody>
</table>

<h3>About Shopify</h3>
Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. The subscription solutions segment allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company's website, physical stores, pop-up stores, kiosks, social networks (Facebook), and Amazon. The merchant solutions segment offers add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.
In light of the recent options history for Shopify, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Shopify's Current Market Status</h3>
<ul>
<li>Trading volume stands at 1,981,895, with SHOP's price down by -0.37%, positioned at $79.84.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 30 days.</li>
</ul>
<h3>What The Experts Say On Shopify</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $86.4.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Cantor Fitzgerald downgraded its action to Neutral with a price target of $70. 
&#x2A; An analyst from Cantor Fitzgerald has revised its rating downward to Neutral, adjusting the price target to $70. 
&#x2A; An analyst from Wells Fargo has decided to maintain their Overweight rating on Shopify, which currently sits at a price target of $90. 
&#x2A; An analyst from Citigroup has decided to maintain their Buy rating on Shopify, which currently sits at a price target of $103. 
&#x2A; An analyst from Redburn Atlantic upgraded its action to Buy with a price target of $99. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Shopify options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Behind the Scenes of Shopify's Latest Options Trends

Citigroup analyst Tyler Radke maintains Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) with a Buy and raises the price target from $90 to $103.

Citigroup Maintains Buy on Shopify, Raises Price Target to $103

Shopify (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/shop#NYSE">SHOP</a>) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Over the past month, shares of this cloud-based commerce company have returned +6.9%, compared to the Zacks S&amp;P 500 composite&#39;s +2.1% change. During this period, the Zacks Internet - Services industry, which Shopify falls in, has gained 0.2%. The key question now is: What could be the stock&#39;s future direction?
While media releases or rumors about a substantial change in a company&#39;s business prospects usually make its stock &#39;trending&#39; and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
<h3>Revisions To Earnings Estimates</h3>
Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company&#39;s earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors&#39; interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Shopify is expected to post earnings of $0.27 per share for the current quarter, representing a year-over-year change of +12.5%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.
The consensus earnings estimate of $1.12 for the current fiscal year indicates a year-over-year change of +51.4%. This estimate has remained unchanged over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $1.32 indicates a change of +18.5% from what Shopify is expected to report a year ago. Over the past month, the estimate has remained unchanged.
With an impressive <a href="https://www.zacks.com/performance_disclosure" target="_blank">externally audited track record</a>, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock&#39;s near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other <a href="https://www.zacks.com/education/stock-education/zacks-rank-guide-9" target="_blank">factors related to earnings estimates</a>, has resulted in a Zacks Rank #3 (Hold) for Shopify.
<h3>Projected Revenue Growth</h3>
While earnings growth is arguably the most superior indicator of a company&#39;s financial health, nothing happens as such if a business isn&#39;t able to grow its revenues. After all, it&#39;s nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it&#39;s important to know a company&#39;s potential revenue growth.
For Shopify, the consensus sales estimate for the current quarter of $2.11 billion indicates a year-over-year change of +22.9%. For the current and next fiscal years, $8.62 billion and $10.31 billion estimates indicate +22.2% and +19.6% changes, respectively.
<h3>Last Reported Results And Surprise History</h3>
Shopify reported revenues of $2.05 billion in the last reported quarter, representing a year-over-year change of +20.7%. EPS of $0.26 for the same period compares with $0.14 a year ago.
Compared to the Zacks Consensus Estimate of $2 billion, the reported revenues represent a surprise of +2.03%. The EPS surprise was +30%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period.
<h3>Valuation</h3>
No investment decision can be efficient without considering a stock&#39;s valuation. Whether a stock&#39;s current price rightly reflects the intrinsic value of the underlying business and the company&#39;s growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company&#39;s valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock&#39;s price.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Shopify is graded D on this front, indicating that it is trading at a premium to its peers. <a href="https://www.zacks.com/stock/research/SHOP/stock-style-scores" target="_blank">Click here </a> to see the values of some of the valuation metrics that have driven this grade.
<h3>Conclusion</h3>
The facts discussed here and much other information on Zacks.com might help determine whether or not it&#39;s worthwhile paying attention to the market buzz about Shopify. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
<a href="https://www.zacks.com/stock/news/2343220/shopify-inc-shop-is-attracting-investor-attention-here-is-what-you-should-know?cid=CS-BENZ-FT-tale_of_the_tape|most_searched_stocks-2343220">To read this article on Zacks.com click here.</a>

General

Shopify Inc. Is Attracting Investor Attention: Here Is What You Should Know

E-commerce giant Shopify&nbsp;Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/shop#NYSE">SHOP</a>)&nbsp;is one of&nbsp;those tech stocks&nbsp;still very much trading in the shadow of its COVID-era highs. Its story is one of an eye-watering rally and a painful, nearly 90% crash from which it&#39;s&nbsp;still recovering.&nbsp;
However, that&#39;s the story when you look at the stock&#39;s history over the past five years. But zooming in on their more recent performance and future prospects, the story is very different. The optimist would say they&#39;ve rallied more than 200% from 2022&#39;s low and have jumped 55% since the start of last month.&nbsp;
As investors start to review their portfolios for the final quarter of the year in light of the Fed&#39;s rate cut last night, and look to get ready for 2025, they could do a lot worse than consider Shopify.&nbsp;
<h2>Bullish Outlook: Redburn Sees Big Upside for Shopify</h2>
Earlier this week, the team over at Redburn Atlantic upgraded their rating on the stock to Buy, along with a price target of $99. Considering Shopify shares finished trading last night around $75, that&#39;s pointing to a targeted upside of more than 30%.
The basis for the Redburn team&#39;s bullishness is what they called Shopify&#39;s &quot;industry-leading innovation, it&#39;s social media integrations and user-friendly platform.&quot; Having already delivered a solid earnings report in August, more on that below, Redburn sees potential for them to grow their EBIT margin by 40% by 2026.&nbsp;
It&#39;s an impressively bullish stance to be taking, especially as the stock was struggling for the first half of the year. It hit a post-crash high in February before trending down all the way into August. Considering the benchmark S&amp;P 500 index was powering to multiple all-time highs during the same period, you can get a sense of how lackluster Shopify&#39;s first half to the year was.&nbsp;
<h2>Shopify&#39;s Strong Q2 Earnings Confirm Recovery Rally</h2>
However, a rockstar report for its Q2 earnings put paid to any doubts that the recovery rally was over and, if anything, confirmed it&#39;s still very much intact. The company smashed expectations for both headline numbers, with its EPS coming in 30% higher than the consensus and revenue showing year-over-year growth of more than 20%. These beats were driven primarily by strong growth in its Merchant Solutions segment, whose revenue jumped 19% on the year, suggesting solid demand among Shopify&#39;s customer base.
As Harley Finkelstein, President of Shopify, summed up with the report, &quot;our Q2 results make it clear Shopify is rapidly strengthening its position as a leading enabler of global commerce and entrepreneurship&quot;. It&#39;s hard to argue with that, and the near 60% rally from their pre-earnings price speaks for itself.&nbsp;
<h2>Shopify&#39;s Momentum Offers Investors a Chance to Get Involved</h2>
Investors thinking about getting involved should watch for the stock to break above the $77 level where it was held last month and which is right around where it was trading yesterday. A firm break above that would confirm the little dip earlier this month was nothing more than a healthy dip that proved the bears can&#39;t take the stock much lower right now.&nbsp;
If anything, it helped cool the stock&#39;s relative strength index (RSI), which, at 70, was starting to veer into extremely overbought conditions. Shopify&#39;s RSI dipped all the way down to the low 40s and is only now crossing back into the 60s. This suggests there&#39;s a ton of further room to the upside for the stock to rally.&nbsp;
While Shopify has a long way to go to get back to its all-time highs from 2021, it&#39;s making progress, which is a lot more than many of its high-flying peers from the same era can say. February&#39;s high of around $90 is the next big target for this uptrend, and based on the company&#39;s current fundamental performance and analyst expectations, it should have no problem getting up there in the coming weeks.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/why-shopify-stock-has-analysts-buzzing-about-big-gains/">Why Shopify Stock Has Analysts Buzzing About Big Gains</a>&quot; first appeared on MarketBeat.

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Why Shopify Stock Has Analysts Buzzing About Big Gains

Investors with a lot of money to spend have taken a bullish stance on Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with SHOP, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 12 uncommon options trades for Shopify.
This isn't normal.
The overall sentiment of these big-money traders is split between 41% bullish and 33%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $308,925, and 7 are calls, for a total amount of $379,852.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $60.0 and $85.0 for Shopify, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Shopify's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Shopify's substantial trades, within a strike price spectrum from $60.0 to $85.0 over the preceding 30 days.
<h3>Shopify 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727190970_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$9.6</td>
<td>$9.4</td>
<td>$9.42</td>
<td>$75.00</td>
<td>$143.1K</td>
<td>3.6K</td>
<td style="text-align: right;">300</td>
</tr>
<tr>
<td>SHOP</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$9.3</td>
<td>$9.15</td>
<td>$9.25</td>
<td>$85.00</td>
<td>$92.5K</td>
<td>1.1K</td>
<td style="text-align: right;">117</td>
</tr>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$9.5</td>
<td>$9.4</td>
<td>$9.41</td>
<td>$75.00</td>
<td>$77.1K</td>
<td>3.6K</td>
<td style="text-align: right;">134</td>
</tr>
<tr>
<td>SHOP</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$9.95</td>
<td>$9.75</td>
<td>$9.85</td>
<td>$85.00</td>
<td>$73.8K</td>
<td>3.2K</td>
<td style="text-align: right;">89</td>
</tr>
<tr>
<td>SHOP</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/18/26</td>
<td>$14.0</td>
<td>$13.65</td>
<td>$13.75</td>
<td>$70.00</td>
<td>$68.7K</td>
<td>288</td>
<td style="text-align: right;">100</td>
</tr>
</tbody>
</table>

<h3>About Shopify</h3>
Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. The subscription solutions segment allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company's website, physical stores, pop-up stores, kiosks, social networks (Facebook), and Amazon. The merchant solutions segment offers add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.
<h3>Where Is Shopify Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 1,358,881, the SHOP's price is down by -0.35%, now at $79.83. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 37 days.</li>
</ul>
<h3>Professional Analyst Ratings for Shopify</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $81.2.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for Shopify, targeting a price of $90. 
&#x2A; Maintaining their stance, an analyst from Piper Sandler continues to hold a Neutral rating for Shopify, targeting a price of $67. 
&#x2A; An analyst from Cantor Fitzgerald downgraded its action to Neutral with a price target of $70. 
&#x2A; Showing optimism, an analyst from Redburn Atlantic upgrades its rating to Buy with a revised price target of $99. 
&#x2A; An analyst from JMP Securities has revised its rating downward to Market Outperform, adjusting the price target to $80. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Shopify, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Unpacking the Latest Options Trading Trends in Shopify

Financial giants have made a conspicuous bullish move on Shopify. Our analysis of options history for Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) revealed 10 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 40% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $123,705, and 7 were calls, valued at $397,125.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $55.0 and $105.0 for Shopify, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
In terms of liquidity and interest, the mean open interest for Shopify options trades today is 601.5 with a total volume of 634.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Shopify's big money trades within a strike price range of $55.0 to $105.0 over the last 30 days.
<h3>Shopify Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727104537_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$32.05</td>
<td>$31.35</td>
<td>$32.05</td>
<td>$55.00</td>
<td>$160.2K</td>
<td style="text-align: right;">823</td>
<td style="text-align: right;">50</td>
</tr>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/25/24</td>
<td>$15.25</td>
<td>$14.85</td>
<td>$15.0</td>
<td>$65.00</td>
<td>$75.0K</td>
<td style="text-align: right;">153</td>
<td style="text-align: right;">50</td>
</tr>
<tr>
<td>SHOP</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$31.1</td>
<td>$30.85</td>
<td>$30.85</td>
<td>$105.00</td>
<td>$64.7K</td>
<td style="text-align: right;">56</td>
<td style="text-align: right;">24</td>
</tr>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/27/24</td>
<td>$11.5</td>
<td>$11.45</td>
<td>$11.45</td>
<td>$68.00</td>
<td>$38.9K</td>
<td style="text-align: right;">156</td>
<td style="text-align: right;">90</td>
</tr>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/27/24</td>
<td>$10.75</td>
<td>$9.85</td>
<td>$9.85</td>
<td>$70.00</td>
<td>$33.4K</td>
<td style="text-align: right;">354</td>
<td style="text-align: right;">107</td>
</tr>
</tbody>
</table>

<h3>About Shopify</h3>
Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. The subscription solutions segment allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company's website, physical stores, pop-up stores, kiosks, social networks (Facebook), and Amazon. The merchant solutions segment offers add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.
After a thorough review of the options trading surrounding Shopify, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Shopify's Current Market Status</h3>
<ul>
<li>With a trading volume of 1,791,214, the price of SHOP is up by 1.05%, reaching $79.55.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 38 days from now.</li>
</ul>
<h3>Expert Opinions on Shopify</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $81.2.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on Shopify with a target price of $90. 
&#x2A; Maintaining their stance, an analyst from Piper Sandler continues to hold a Neutral rating for Shopify, targeting a price of $67. 
&#x2A; In a positive move, an analyst from Redburn Atlantic has upgraded their rating to Buy and adjusted the price target to $99. 
&#x2A; An analyst from JMP Securities has revised its rating downward to Market Outperform, adjusting the price target to $80. 
&#x2A; An analyst from Cantor Fitzgerald has revised its rating downward to Neutral, adjusting the price target to $70. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Shopify, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Decoding Shopify's Options Activity: What's the Big Picture?

Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) has outperformed the market over the past 15 years by 7.4% on an annualized basis producing an average annual return of 19.21%. Currently, Shopify has a market capitalization of $100.73 billion. 
Buying $100 In SHOP: If an investor had bought $100 of SHOP stock 15 years ago, it would be worth $1,371.16 today based on a price of $78.06 for SHOP at the time of writing.
<h3>Shopify's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726848025_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $100 Invested In Shopify 15 Years Ago Would Be Worth Today

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Shares of companies within the broader technology sector are trading higher amid overall market strength following Wednesday's Fed rate cut.

Roku Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) is gearing up for a platform monetization sprint, and investors are starting to tune in. After a strong showing at the JPMorgan U.S. All Stars Conference in London, Roku's management has made one thing crystal clear: it's all about accelerating <a href="https://www.benzinga.com/quote/ROKU/news">platform revenue growth</a>.
<h2 class="wp-block-heading">Shopify Integration Boosts Roku Ads Manager</h2>
Roku has <a href="https://www.businesswire.com/news/home/20240918031574/en/Roku-Launches-Ads-Manager-a-Self-Service-Performance-Solution-for-Growth-Marketers">launched</a> Roku Ads Manager, a self-service CTV performance solution featuring the first-ever Shopify Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) integration for shoppable campaigns. This new platform is designed to help direct-to-consumer brands of all sizes easily purchase CTV video ads, offering a familiar buying experience similar to search and social. 
Louqman Parampath, Roku's VP of Product Management, emphasized the platform's advantage: "Roku Ads Manager is uniquely positioned to offer data, optimization, and ad formats that no other CTV self-serve solution has." The integration with Shopify enhances reach for merchants, creating a new sales channel with shoppable ads.
<h2 class="wp-block-heading">Roku Management Doubling Down On Partnerships</h2>
With management doubling down on third-party partnerships and home screen changes, the streaming giant is eyeing a revenue boost that could turn heads as early as the fourth quarter of 2025. Partnerships with The Trade Desk Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>) are also nearing completion, positioning Roku for potential ad revenue growth.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40293747/analysts-see-strong-growth-potential-for-the-trade-desk-amid-ctv-expansion-and-stab">Analysts See Strong Growth Potential For The Trade Desk Amid CTV Expansion And Stable Digital Ad Market</a>
While Roku's CFO Dan Jedda and IR head Conrad Grodd laid out the company's priorities, the spotlight was on how Roku plans to balance revenue expansion with profitability. With platform growth initiatives set to be funded by reallocating existing operational expenses (nearly $2 billion in 2024), Roku is aiming to keep its spending lean.
This belt-tightening has led JPMorgan's Cory Carpenter to raise his price target on Roku from $80 to $90, citing increased confidence in the company's ability to grow earnings without breaking the bank.
<h2 class="wp-block-heading">Needham&#8217;s $100 Price Target Adds More Fuel To The Fire</h2>
Adding to the optimism, Needham has upgraded Roku&#8217;s price target to $100, reiterating their Buy rating. Analyst Laura Martin emphasized Roku&#8217;s strong strategic position in the U.S. over-the-top (OTT) and connected-TV (CTV) ecosystems.
With Roku devices now in 50% of U.S. broadband homes, the company is the largest streaming distribution platform, making it highly attractive to advertisers.
According to Needham, Roku benefits from a total addressable market (TAM) of around $62 billion in traditional linear TV advertising revenue for 2023. Roku's impressive cost control and tactical moves to become an &#8220;arms dealer&#8221; of streaming—similar to how Apple's iOS platform operates—reinforce Needham's bullish outlook. 
This potential, combined with its large CTV ad inventory and projected industry growth of 15-17% in 2024, paints a picture of significant valuation upside.
<h2 class="wp-block-heading">Technicals Point To A Strong Bullish Run—For Now</h2>
On the technical front, Roku is flashing bullish signals, with its stock price of $74.67 above key moving averages.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="623" height="454" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18142411/Screenshot-2024-09-18-at-4.00.08-PM.png" alt="" class="wp-image-554749" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18142411/Screenshot-2024-09-18-at-4.00.08-PM.png 623w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18142411/Screenshot-2024-09-18-at-4.00.08-PM-300x219.png 300w" sizes="(max-width: 623px) 100vw, 623px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091824&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
However, some selling pressure indicates a possible risk of bearish movement in the near future, so cautious optimism might be the best approach.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/40920634/roku-introduces-innovative-ads-manager-for-direct-to-consumer-brands-details">Roku Introduces Innovative Ads Manager For Direct-to-Consumer Brands: Details</a></li>
</ul>
Photo: Shutterstock

Analyst Color

Technicals

ROKU

Roku: The 'Arms Dealer' Of Streaming Gears Up For Monetization Surge, Says Analyst

Roku Launches Ads Manager, A Self-Service CTV Solution For Growth Marketers, Featuring First-To-Market Shopify Integration For Shoppable Campaigns

Shopify shares are trading higher after Redburn Atlantic upgraded the stock from Neutral to Buy.

Redburn Atlantic analyst Dominic Ball upgrades Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) from Neutral to Buy and announces $99 price target.

Upgrades

Redburn Atlantic Upgrades Shopify to Buy, Announces $99 Price Target

Whales with a lot of money to spend have taken a noticeably bullish stance on Shopify.
Looking at options history for Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 60% of the investors opened trades with bullish expectations and 30% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $183,700 and 6, calls, for a total amount of $190,315.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $55.0 to $80.0 for Shopify over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Shopify's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Shopify's whale trades within a strike price range from $55.0 to $80.0 in the last 30 days. 
<h3>Shopify Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726515934_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SHOP</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$9.3</td>
<td>$8.2</td>
<td>$8.2</td>
<td>$60.00</td>
<td>$68.8K</td>
<td>3.0K</td>
<td style="text-align: right;">85</td>
</tr>
<tr>
<td>SHOP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$8.4</td>
<td>$8.2</td>
<td>$8.3</td>
<td>$75.00</td>
<td>$44.8K</td>
<td>2.9K</td>
<td style="text-align: right;">182</td>
</tr>
<tr>
<td>SHOP</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$8.0</td>
<td>$7.9</td>
<td>$7.88</td>
<td>$75.00</td>
<td>$39.4K</td>
<td>1.3K</td>
<td style="text-align: right;">50</td>
</tr>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/11/24</td>
<td>$3.85</td>
<td>$3.75</td>
<td>$3.82</td>
<td>$72.00</td>
<td>$38.2K</td>
<td>42</td>
<td style="text-align: right;">124</td>
</tr>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$2.51</td>
<td>$2.5</td>
<td>$2.5</td>
<td>$75.00</td>
<td>$37.6K</td>
<td>8.0K</td>
<td style="text-align: right;">458</td>
</tr>
</tbody>
</table>

<h3>About Shopify</h3>
Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. The subscription solutions segment allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company's website, physical stores, pop-up stores, kiosks, social networks (Facebook), and Amazon. The merchant solutions segment offers add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.
In light of the recent options history for Shopify, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Current Position of Shopify</h3>
<ul>
<li>Currently trading with a volume of 2,954,204, the SHOP's price is up by 1.54%, now at $73.56. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 45 days.</li>
</ul>
<h3>Professional Analyst Ratings for Shopify</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $76.6.
<ul>
<li>An analyst from Cantor Fitzgerald has revised its rating downward to Neutral, adjusting the price target to $70. </li>
<li>Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on Shopify with a target price of $76. </li>
<li>An analyst from Wells Fargo persists with their Overweight rating on Shopify, maintaining a target price of $90. </li>
<li>Reflecting concerns, an analyst from JMP Securities lowers its rating to Market Outperform with a new price target of $80.</li>
<li>An analyst from Piper Sandler persists with their Neutral rating on Shopify, maintaining a target price of $67. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Shopify, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Shopify Unusual Options Activity For September 16

E-commerce is thriving due to the growth of online marketplaces, innovative selling strategies, increased internet accessibility, and enhanced consumer engagement strategies. This presents a prime opportunity for investors. Therefore, buying strong e-commerce stocks MercadoLibre (MELI), Shopify (SHOP), and eBay (EBAY), which have high momentum, could be a smart move now. Keep reading… The e-commerce industry is rapidly expanding, fueled by the rise of online marketplaces, social commerce, and quick commerce. Increasing adoption of innovative strategies like livestream selling, dropshipping, AI-driven personalization, and direct-to-consumer models are creating exciting investment opportunities.
Thus, investors should consider strong e-commerce stocks such as MercadoLibre, Inc. (<a href="https://stocknews.com/stock/MELI/">MELI</a>), Shopify Inc. (<a href="https://stocknews.com/stock/SHOP/">SHOP</a>), and eBay Inc. (<a href="https://stocknews.com/stock/EBAY/">EBAY</a>), which are trading above their 50-day and 200-day moving averages.
The advent of high-speed internet and the surge in online shopping, along with the expansion of mobile commerce across all regions, have boosted e-commerce. With increased accessibility, companies are prioritizing and investing in customer engagement and online retail sales. Hence, U.S. online retail sales are projected to reach $1.2 trillion this year, reflecting a <a href="https://www.fticonsulting.com/insights/reports/2024-online-retail-report#:~:text=We%20project%20U.S.%20online%20retail%20sales%20will%20hit%20%241.2%20trillion%20in%202024.&amp;text=Estimated%20increase%20in%20U.S.%20online,%2C%20or%209.8%25%20over%202023.&amp;text=Expected%20U.S.%20e%2Dcommerce%20market,at%20the%20end%20of%202023.">$108 billion (9.8%) increase</a> from last year.
Meanwhile, the rise of second-hand marketplaces appeals to consumers seeking high-quality products at low prices with seamless payment options. Also, dropshipping enables business owners to sell online without holding inventory, reducing costs and simplifying operations. Given this trend, U.S. e-commerce revenue is projected to increase significantly by $657.8 billion, or <a href="https://www.statista.com/statistics/272391/us-retail-e-commerce-sales-forecast/">53.79%, from 2024 to 2029</a>.
Despite economic uncertainty and a slight slowdown in overall retail sales growth recently, the upcoming holiday season is expected to benefit sectors like clothing, accessories, and health retail. On top of it, innovations such as chatbots and headless commerce are set to enhance industry prospects further.
Considering these conducive trends, let's examine the fundamentals of the three above-mentioned E-commerce stocks.
MercadoLibre, Inc. (<a href="https://stocknews.com/stock/MELI/">MELI</a>)
Headquartered in Montevideo, Uruguay, MELI operates online commerce platforms in Latin America. It operates in two segments: Mercado Libre Marketplace and Mercado Pago FinTech platform. The company offers an automated online marketplace for buying and selling, as well as a financial technology platform for online transactions and payments.
In terms of the trailing-12-month gross profit margin, MELI's 54.70% is 47.5% higher than the 37.09% industry average. Its 3.71% trailing-12-month Capex / Sales is 26.2% higher than the 2.94% industry average. Also, the stock's 6.98% trailing-12-month <a href="https://www.investopedia.com/terms/r/return_on_total_assets.asp">Return on Total Assets</a> is 73.7% higher than the 4.02% industry average.
During the fiscal second quarter that ended on June 30, 2024, MELI's net revenues and financial income increased 41.5% year-over-year to $5.07 billion. The company's gross profit rose 29.2% over the prior-year quarter to $2.37 billion.
For the same quarter, its income from operations stood at $726 million, up 8.5% year-over-year. Additionally, its net income and EPS increased 102.7% and 103.1% from the year-ago values to $531 million and $10.48, respectively.
Street expects MELI's EPS for the quarter ending September 30, 2024, to increase 36.9% year-over-year to $9.80. Its revenue for the same quarter is expected to grow 39.7% year-over-year to $5.25 billion. It surpassed the EPS  estimates in each of the trailing four quarters. Over the past year, the stock has gained 64.5% to close the last trading session at $2,100.17.
MELI's stock is trading above its 50-day and 200-day moving averages of $1,899.99 and $1,682.33, respectively.
MELI's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its strong fundamentals. The POWR Ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree.
MELI has a B grade for Growth, Momentum, Sentiment, and Quality. Within the B-rated <a href="https://stocknews.com/category/internet/">Internet</a> industry, it is ranked #25 out of 52 stocks. To see MELI's ratings for Value and Stability, <a href="https://stocknews.com/stock/MELI/">click here</a>.
Shopify Inc. (<a href="https://stocknews.com/stock/SHOP/">SHOP</a>)
SHOP is a commerce company that provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia-Pacific, Australia, China, and Latin America. The company's platform enables merchants to display, manage, market, and sell their products through various sales channels and manage products and inventory, process orders, and payments.
In terms of its trailing-12-month Return on Total Capital, SHOP's 6.27% is 132.9% higher than the 2.69% industry average. Likewise, its 16.40% trailing-12-month net income margin is 352.7% higher than the 3.62% industry average. The stock's 0.74x trailing-12-month asset turnover ratio is 18.7% higher than the 0.62x industry average.
SHOP's revenues for the second quarter which ended on June 30, 2024, increased 20.7% year-over-year to $2.05 billion. Its adjusted gross profit rose 24.6% over the prior-year quarter to $1.05 billion. SHOP's adjusted net income and adjusted net income per share attributable to shareholders were $345 million and $0.26, reflecting year-over-year increases of 93.8% and 85.7%, respectively.
SHOP's stock is trading above its 50-day and 200-day moving averages of $68.52 and $71.52, respectively.
For the quarter ending September 30, 2024, SHOP's EPS and revenue are expected to increase 12.5% and 23.2% year-over-year to $0.27 and $2.11 billion, respectively. It surpassed the consensus EPS estimates in each of the trailing four quarters. Over the past month, SHOP's stock has gained 50.9% to close the last trading session at $80.11.
SHOP's POWR Ratings reflect this optimistic outlook. It has an A grade for Sentiment and a B for Momentum. SHOP is ranked #19 out of 26 stocks in the  <a href="https://stocknews.com/category/internet-services/">Internet – Services</a> industry. To access the additional grades of SHOP for Growth, Value, Stability, and Quality, <a href="https://stocknews.com/stock/SHOP/">click here</a>.
eBay Inc. (<a href="https://stocknews.com/stock/EBAY/">EBAY</a>)
EBAY operates marketplace platforms that connect buyers and sellers in the United States and internationally. The company's marketplace platforms include eBay.com and the eBay suite of mobile apps. They enable users to list, buy, and sell various products.
On July 10, 2024, EBAY introduced Business Cash Advance, a new financing option in partnership with Liberis. This service offers eligible U.S. sellers up to $1 million in working capital within 24 hours, with flexible payment options and a simple online application process.
In terms of the trailing-12-month EBIT margin, EBAY's 21.45% is 174.5% higher than the 7.81% industry average. Its 4.35% trailing-12-month Capex / Sales is 47.8% higher than the 2.94% industry average. Similarly, the stock's 18.41% trailing-12-month levered FCF margin is 264.9% higher than the 5.05% industry average.
In the fiscal second quarter that ended June 30, 2024, EBAY's net revenues increased 1.3% year-over-year to $2.57 billion. Its gross profit rose marginally year-over-year to $1.84 billion. Also, its non-GAAP net income from continuing operations stood at $602 million and 1.18 per share, up 8.5% and 14.6% over the prior-year quarter, respectively.
EBAY's stock is trading above its 50-day and 200-day moving averages of $57.67 and $50.70, respectively.
Analysts expect EBAY's EPS for the quarter ending September 30, 2024, to increase 14.4% year-over-year to $1.18. Its revenue for the same quarter is expected to rise 1.7% year-over-year to $2.54 billion. It surpassed the Street EPS and revenue estimates in each of the trailing four quarters. Over the past year, the stock has gained 50.9% to close the last trading session at $65.10.
EBAY's POWR Ratings reflect its strong fundamentals. EBAY has an A grade for Quality and a B for Momentum. It is ranked #24 in the Internet industry. Beyond what we have stated above, we also have given EBAY grades for Growth, Value, Stability, and Sentiment. Get all the EBAY's ratings <a href="https://stocknews.com/stock/EBAY/">here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
MELI shares were trading at $2,107.78 per share on Tuesday afternoon, up $5.15 (+0.24%). Year-to-date, MELI has gained 34.12%, versus a 20.80% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/meli-shop-ebay-3-e-commerce-stocks-for-momentum-focused-investors/>3 E-Commerce Stocks for Momentum-Focused Investors</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 E-Commerce Stocks for Momentum-Focused Investors

With changing consumer preferences, rising online shopping trends, and AI adoption, the e-commerce industry is flourishing. Thus, fundamentally sound e-commerce stocks Shopify (SHOP), Sea Limited (SE), and Etsy (ETSY) could be worth watching. Keep reading… The e-commerce industry is rapidly expanding, thanks to the rise of online marketplaces, social commerce, and quick commerce. Increasing adoption of innovative strategies like livestream selling, dropshipping, AI-driven personalization, and direct-to-consumer models are creating exciting growth opportunities for the industry.
Given the industry's robust prospects, investors could consider adding quality e-commerce stocks Shopify Inc. (<a href="https://stocknews.com/stock/SHOP/">SHOP</a>), Sea Limited (<a href="https://stocknews.com/stock/SE/">SE</a>), and Etsy, Inc. (<a href="https://stocknews.com/stock/ETSY/">ETSY</a>) to their watchlists. As online shopping grows, these e-commerce players are positioned for long-term market dominance and strong stock performance.
Easier access to the internet, convenience, and changing consumer preferences have rapidly changed the e-commerce market. The number of users in the <a href="https://www.statista.com/statistics/273957/number-of-digital-buyers-in-the-united-states/">e-commerce market in the U.S.</a> has been growing each year and is projected to grow continuously from 2024 to 2029, resulting in a total of 60 million users, an increase of 21.9%.
With increased accessibility, companies prioritize and invest in customer engagement and online retail sales. U.S. online retail sales are projected to reach $1.2 trillion this year, reflecting a <a href="https://www.fticonsulting.com/insights/reports/2024-online-retail-report">$108 billion or 9.8% increase</a> from last year.
Additionally, the rise of second-hand marketplaces appeals to consumers seeking high-quality products at low prices with easier payment options. Also, dropshipping helps business owners to sell online without holding any inventory, reducing costs and simplifying operations overall. Given this trend, U.S. e-commerce revenue is projected to increase significantly by <a href="https://www.statista.com/statistics/272391/us-retail-e-commerce-sales-forecast/">$657.8 billion</a>, or 53.79%, from 2024 to 2029.
Considering these conducive trends, let's examine the fundamentals of the three e-commerce stocks.
Shopify Inc. (<a href="https://stocknews.com/stock/SHOP/">SHOP</a>)
SHOP is a commerce company that provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia-Pacific, Australia, China, and Latin America. The company's platform enables merchants to display, manage, market, and sell their products through various sales channels, manage products and inventory, and process orders and payments.
In terms of its trailing-12-month return on total capital, SHOP's 6.27% is 125.4% higher than the 2.78% industry average. Likewise, its 16.40% trailing-12-month net income margin is 339.4% higher than the 3.73% industry average. The stock's 0.74x trailing-12-month asset turnover ratio is 19.1% higher than the 0.62x industry average.
SHOP's revenues for the fiscal second quarter, which ended on June 30, 2024, increased by 20.7% year-over-year to $2.05 billion. Its adjusted gross profit rose 24.6% over the prior-year quarter to $1.05 billion. SHOP's adjusted net income and adjusted net income per share attributable to shareholders were $345 million and $0.26, reflecting year-over-year increases of 93.8% and 85.7%, respectively.
For the quarter ending September 2024, SHOP's revenue and <a href="https://www.investopedia.com/terms/e/eps.asp">EPS</a> are expected to increase 23.2% and 12.4% year-over-year to $2.11 billion and $0.27, respectively. It surpassed the consensus EPS estimates in each of the trailing four quarters.
Over the past year, SHOP's stock has gained 43.8% to close the last trading session at $78.45.
SHOP's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this optimistic outlook. The POWR Ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree.
It has an A grade for Sentiment and a B for Momentum. SHOP is ranked #19 out of 26 stocks in the <a href="https://stocknews.com/category/internet-services/">Internet – Services</a> industry. To access the additional grades of SHOP for Value, Growth, Stability, and Quality, <a href="https://stocknews.com/stock/SHOP/">click here</a>.
Sea Limited (<a href="https://stocknews.com/stock/SE/">SE</a>)
Headquartered in Singapore, SE engages internationally in digital entertainment, e-commerce, and digital financial service businesses. The company provides Garena digital entertainment platform to access online games, eSports operations, and other entertainment content and a Shopee e-commerce platform for integrated payment and logistics infrastructure and seller services.
In terms of the trailing-12-month levered FCF margin, ETSY's 10.88% is 36.2% higher than the 7.99% industry average. Moreover, the stock's 0.78x trailing-12-month asset turnover ratio is 57.5% higher than the 0.49x industry average.
For its fiscal second quarter that ended June 30, 2024, SE's revenue increased 23% year-over-year to $3.81 billion. The company's operating income came in at $82.89 million, and its gross profit was reported to be $1.58 billion, increasing 9.2% year-over-year. Its net income and EPS also came in at $79.91 million and $0.14, respectively.
Street expects SE's revenue for the fiscal third quarter ending September 2024 to increase 20.1% year-over-year to $3.98 billion. Its EPS for the same quarter is expected to grow significantly year-over-year to $0.54. It surpassed Street revenue estimates in all of the trailing four quarters which is impressive.
SE's stock has gained 83.9% over the past six months and 121.8% over the past year to close the last trading session at $97.49.
SE's POWR Ratings reflect its optimistic outlook. SE has B grades for Growth, Sentiment, Quality, and Momentum. It is ranked #24 out of 52 stocks in the <a href="https://stocknews.com/category/internet/">Internet</a> industry.
Beyond what we have stated above, we also have given SE grades for Value and Stability. Get all the SE ratings <a href="https://stocknews.com/stock/SE/">here</a>.
Etsy, Inc. (<a href="https://stocknews.com/stock/ETSY/">ETSY</a>)
ETSY and its subsidiaries operate two-sided online marketplaces that connect buyers and sellers in the United States, the United Kingdom, Germany, Canada, Australia, and France. Its primary marketplace is Etsy.com, which connects artisans and entrepreneurs with various consumers.
In terms of the trailing-12-month net income margin, ETSY's 10.36% is 128.1% higher than the 4.54% industry average. Likewise, its 13.35% trailing-12-month EBIT margin is 67.5% higher than the 7.97% industry average. Moreover, the stock's 1.11x trailing-12-month asset turnover ratio is 11.4% higher than the 0.99x industry average.
For the fiscal second quarter that ended June 30, 2024, ETSY's revenue grew 3% year-over-year to $647.81 million. Its gross profit increased 5.3% year-over-year to $463.72 million. The company's adjusted EBITDA came in at $179.38 million, increasing 7.0% year-over-year. Additionally, ETSY's net income was reported to be $53 million.
Analysts expect ETSY's revenue for the fiscal third quarter ending September 2024 to increase 2.8% year-over-year to $653.91 million. Its EPS for the same quarter is expected to grow marginally year-over-year to $1.08. It surpassed the Street revenue estimates in three of the trailing four quarters.
ETSY's stock has declined 5.1% over the past month to close the last trading session at $52.30.
However, ETSY's solid fundamentals are reflected in its POWR Ratings. It has an A grade for Quality and a B grade for Momentum.
ETSY is ranked #38 in the A-rated Internet industry. Beyond what we have stated above, we also have given ETSY grades for Growth, Value, Stability, and Sentiment. Get all the ETSY ratings <a href="https://stocknews.com/stock/ETSY/">here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
SHOP shares were trading at $78.78 per share on Wednesday morning, up $0.33 (+0.42%). Year-to-date, SHOP has gained 1.13%, versus a 20.54% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Anushka Dutta</h2> <img src='https:/wp-content/uploads/2021/08/Anushka-Dutta_Headshot_3.jpg' style="float:left; padding:5px;width:125px;">Anushka is an analyst whose interest in understanding the impact of broader economic changes on financial markets motivated her to pursue a career in investment research.<a href="https://stocknews.com/authors/?author=anushka-dutta">More...</a>The post <a href=https://stocknews.com/news/shop-se-etsy-3-e-commerce-stocks-poised-for-big-gains/>3 E-Commerce Stocks Poised for Big Gains</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 E-Commerce Stocks Poised for Big Gains

Giant retailers are starting to feel the heat of the recession that we're in right now and will be announced after-the-fact next year.

Retail Fail

Ahead of the holiday season, e-commerce is thriving thanks to strong household finances, rising online shopping, social media influence, competitive discounts, and buy now, pay later options, presenting prime investing opportunities. Hence, investors should consider e-commerce stocks like MercadoLibre (MELI) and Shopify (SHOP) for potential gains. Read on... The e-commerce sector is set for significant growth this holiday season, driven by strong household finances, rising online shopping, and the growing influence of social media and direct-from-brand stores. These trends, coupled with deal-seeking behavior, present attractive investment opportunities in the expanding e-commerce market.
Therefore, to get ahead of the holiday boom, investors should consider strong e-commerce stocks such as MercadoLibre, Inc. (<a href="https://stocknews.com/stock/MELI/">MELI</a>) and Shopify Inc. (<a href="https://stocknews.com/stock/SHOP/">SHOP</a>) for solid gains this holiday season.
The upcoming holiday season is set to significantly benefit e-commerce, with early shopping trends and a focus on travel and experiences indicating strong transaction volumes. In response, brands are adapting marketing strategies to integrate popular themes and enhance audience engagement. As a result, U.S. e-commerce revenue is projected to rise by $657.8 billion, or <a href="https://www.statista.com/statistics/272391/us-retail-e-commerce-sales-forecast/">53.8%, from 2024 to 2029</a>.
Notably, U.S. online retail sales are projected to reach $1.2 trillion this year, representing a <a href="https://www.fticonsulting.com/insights/reports/2024-online-retail-report#:~:text=We%20project%20U.S.%20online%20retail%20sales%20will%20hit%20%241.2%20trillion%20in%202024.&amp;text=Estimated%20increase%20in%20U.S.%20online,%2C%20or%209.8%25%20over%202023.&amp;text=Expected%20U.S.%20e%2Dcommerce%20market,at%20the%20end%20of%202023.">$108 billion (9.8%)</a> increase from last year. This growth is driven by increased internet penetration, Gen Z consumers, competitive discounts, the influence of social media, and the rise of buy now, pay later options, all of which are boosting consumer spending and enhancing investment opportunities.
Considering these conducive trends, let's examine the fundamentals of the two above-mentioned e-commerce stocks.
MercadoLibre, Inc. (<a href="https://stocknews.com/stock/MELI/">MELI</a>)
Headquartered in Montevideo, Uruguay, MELI operates online commerce platforms in Latin America. It operates in two segments: Mercado Libre Marketplace and Mercado Pago FinTech platform. The company offers an automated online marketplace for buying and selling, as well as a financial technology platform for online transactions and payments.
In terms of the trailing-12-month gross profit margin, MELI's 54.70% is 47.4% higher than the 37.11% industry average. Its 3.71% trailing-12-month Capex / Sales is 24.5% higher than the 2.98% industry average. Also, the stock's 6.98% trailing-12-month <a href="https://www.investopedia.com/terms/r/return_on_total_assets.asp">Return on Total Assets</a> is 71.9% higher than the 4.06% industry average.
During the fiscal second quarter that ended on June 30, 2024, MELI's net revenues and financial income increased 41.5% year-over-year to $5.07 billion. The company's gross profit rose 29.2% over the prior-year quarter to $2.37 billion.
For the same quarter, its income from operations stood at $726 million, up 8.5% year-over-year. Additionally, its net income and EPS increased 102.7% and 103.1% from the year-ago values to $531 million and $10.48, respectively.
Street expects MELI's EPS for the quarter ending September 30, 2024, to increase 36.9% year-over-year to $9.80. Its revenue for the same quarter is expected to grow 39.7% year-over-year to $5.25 billion. It surpassed the EPS  estimates in each of the trailing four quarters. Over the past year, the stock has gained 62.9% to close the last trading session at $2,066.04.
MELI's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its strong fundamentals. The POWR Ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree.
MELI has a B grade for Growth, Momentum, Sentiment, and Quality. Within the B-rated <a href="https://stocknews.com/category/internet/">Internet</a> industry, it is ranked #25 out of 52 stocks. To see MELI's ratings for Value and Stability, <a href="https://stocknews.com/stock/MELI/">click here</a>.
Shopify Inc. (<a href="https://stocknews.com/stock/SHOP/">SHOP</a>)
SHOP is a commerce company that provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia-Pacific, Australia, China, and Latin America. The company's platform enables merchants to display, manage, market, and sell their products through various sales channels and manage products and inventory, process orders, and payments.
In terms of its trailing-12-month Return on Total Capital, SHOP's 6.27% is 124.6% higher than the 2.79% industry average. Likewise, its 16.40% trailing-12-month net income margin is 352.7% higher than the 3.62% industry average. The stock's 0.74x trailing-12-month asset turnover ratio is 18.8% higher than the 0.62x industry average.
SHOP's revenues for the second quarter which ended on June 30, 2024, increased 20.7% year-over-year to $2.05 billion. Its adjusted gross profit rose 24.6% over the prior-year quarter to $1.05 billion. SHOP's adjusted net income and adjusted net income per share attributable to shareholders were $345 million and $0.26, reflecting year-over-year increases of 93.8% and 85.7%, respectively.
For the quarter ending September 30, 2024, SHOP's EPS and revenue are expected to increase 12.5% and 23.2% year-over-year to $0.27 and $2.11 billion, respectively. It surpassed the consensus EPS estimates in each of the trailing four quarters. Over the past year, SHOP's stock has gained 55.8% to close the last trading session at $80.27.
SHOP's POWR Ratings reflect this optimistic outlook. It has an A grade for Sentiment and a B for Momentum. SHOP is ranked #19 out of 26 stocks in the  <a href="https://stocknews.com/category/internet-services/">Internet – Services</a> industry. To access the additional grades of SHOP for Growth, Value, Stability, and Quality, <a href="https://stocknews.com/stock/SHOP/">click here</a>.
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MELI shares were trading at $2,064.08 per share on Friday afternoon, down $36.13 (-1.72%). Year-to-date, MELI has gained 31.34%, versus a 21.48% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/meli-shop-get-ahead-of-the-holiday-boom-with-these-2-e-commerce/>Get Ahead of the Holiday Boom With These 2 E-Commerce Stocks</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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