|Bid||1,764.25 x 0|
|Ask||1,765.25 x 0|
|Day's Range||1,738.91 - 1,819.00|
|52 Week Range||1,140.00 - 2,075.88|
|Beta (5Y Monthly)||1.49|
|PE Ratio (TTM)||73.25|
|Earnings Date||Oct 28, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1,965.84|
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Rather than be fiercely competitive, the company is poised to profit by offering native website integrations.
Shares of online retail stocks were taking a beating in Friday trading, with Shopify (NYSE: SHOP) stock falling by 5.2% through 2:37 p.m. EDT, MercadoLibre (NASDAQ: MELI) down by 4.5%, and e-commerce leader Amazon.com (NASDAQ: AMZN) off by 2.3%. As it reported Friday morning, analyst Stephen Ju at Swiss mega-bank Credit Suisse cut his price target on Amazon shares by more than 10% to $4,200, based on his estimate that Amazon will earn only $70.98 per share this year and $79.83 per share next year. Credit Suisse's new earnings projections reflect a reduction of 12% this year, and a staggering 33% reduction in expectations for 2022.
With its results due out before the markets open on Thursday, October 28, now might not be a bad time to consider buying a resurgent Shopify stock...