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Shopify stock is still expensive. Shopify stock trades at a price-to-sales ratio near 12, which is close to its average over the past two years. Its forward P/E ratio is 52.
Two such growth stocks that look like excellent picks to buy this year and hold onto for a while are Shopify (NYSE: SHOP) and Veeva Systems (NYSE: VEEV). 1. Shopify ... cost savings, and increased ...
SHOP PS Ratio data by YCharts. The chart above reflects the change in Shopify's stock price between Thanksgiving 2023 (Nov. 23, 2023) and Jan. 31, 2024. As you can see, shares of Shopify rose ...
Shopify is the name of its proprietary e-commerce platform for online stores and retail POS (point-of-sale) systems. The platform offers retailers a suite of services, including payments, marketing, shipping and customer engagement tools. [3] As of 2024, Shopify hosts 5.6 million active stores across more than 175 countries. [4]
Shop Pay (formerly Shopify Pay) is a checkout and payment method developed by Shopify. Users add shipping and billing information to a Shop account, which enables one-click checkout on online stores that offer Shop Pay. In 2024, Shopify reported that Shop Pay had over 150 million users worldwide. [1]
Meanwhile, the stock has become expensive, trading at 77 times next year's projected earnings. The stock is also trading just below the analyst community's consensus 12-month price target of $119. ...