SHOP - Shopify Inc.

NYSE - NYSE Delayed Price. Currency in USD
465.48
-3.77 (-0.80%)
At close: 4:02PM EST
Stock chart is not supported by your current browser
Previous Close469.25
Open474.00
Bid464.00 x 800
Ask465.00 x 1100
Day's Range457.83 - 476.51
52 Week Range154.52 - 476.79
Volume2,127,449
Avg. Volume2,121,435
Market Cap53.866B
Beta (5Y Monthly)1.20
PE Ratio (TTM)N/A
EPS (TTM)-1.15
Earnings DateFeb 11, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est395.50
  • Financial Times

    Dotcom redux as Shopify extends explosive share spike

    Just after the market opened on Wednesday Shopify’s share price reached an all-time high of $476.64, putting the online shopping platform’s market value at $54bn. Today, Shopify represents a buoyant bet on online retail continuing to gnaw away at big box bricks and mortar; the Street’s finest think by 2025 its revenues will sextuple to just under $10bn from 2019’s estimates, with its operating profits exploding from $33m to $1.9bn as it reaches scale. In case you’ve never heard of the Canadian company, Shopify provide a range of services — from the back-end infrastructure, to user analytics and payment processing — for over 1m aspiring and established consumer brands.

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  • Shopify (SHOP) Outpaces Stock Market Gains: What You Should Know
    Zacks

    Shopify (SHOP) Outpaces Stock Market Gains: What You Should Know

    Shopify (SHOP) closed the most recent trading day at $469.01, moving +0.91% from the previous trading session.

  • Overvalued Shopify Stock Continues to Prove Bears Wrong
    InvestorPlace

    Overvalued Shopify Stock Continues to Prove Bears Wrong

    In this market, the easiest way to miss out on gains has been to argue that a stock is "too expensive," and Shopify (NYSE:SHOP) has been no exception. Shopify stock has looked expensive for years -- but it has been one of the market's best plays over that stretch.Source: Beyond The Scene / Shutterstock.com Indeed, Shopify stock has almost quadrupled from December 2018 lows. It's gained over 2,800% from its 2015 initial public offering price of $17. For much of its time on the public markets, skeptics -- myself included -- have decried its valuation and believed a reversal was imminent.Of course, SHOP stock isn't alone. Particularly in tech, there is no shortage of stocks that have climbed the proverbial "wall of worry" relative to valuation: Netflix (NASDAQ:NFLX), Amazon (NASDAQ:AMZN) and Roku (NASDAQ:ROKU) are just three of the most well-known examples.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAnd for these names, multibagger gains aren't a sign that the market "isn't paying attention" or "doesn't care about valuation." Yes, valuations have been, and still are, seemingly expensive. But the growth potential for these companies is enormous. * 10 Stocks to Buy as the 2020 Presidential Election Approaches In fact, in many cases, the bulls are paying closer attention to valuation than the bears, for instance by focusing on underlying profitability at Amazon instead of dismissing the stock based on near-term price-to-earnings multiples.The catch with Shopify stock is that even taking the detailed perspective and giving the company credit for its impressive performance, it's increasingly difficult to support a share price nearing $500. This is a wonderful business, and it's worth repeating: bears and skeptics have consistently been wrong about this stock. Perhaps that will continue -- but at some point, SHOP has to slow down. Right? Shopify's FundamentalsJust looking at the near-term fundamentals, Shopify stock looks like a classic bubble. The company's guidance for 2019 projects roughly $1.55 billion in revenue and an adjusted operating income of $27 million to $37 million.We'll assume, as has historically been the case, that Shopify is guiding conservatively, and peg 2019 revenue at $1.6 billion and operating profit at $50 million. Using those figures and backing out its roughly $2.7 billion in cash and investments, SHOP stock trades at about 1,000x operating profit and over 30x sales on a trailing basis.Those are staggering multiples. But they don't mean that Shopify stock is a sell per se. Again, it's shortsighted to dismiss a stock based solely on trailing multiples. Although it's also a bad idea to buy a stock simply because of a low price-to-earnings or price-to-sales ratio.But that's what those multiples mean. Even taking the long view, even giving Shopify credit for perfect execution, it's simply difficult to grow into that kind of valuation. The Long-Term ViewSHOP bulls have to believe the stock can at least double over the next decade. Such performance would suggest annualized returns just above 7%. It's easy to forget in this market, but 7% annual appreciation is excellent, particularly when 10-year Treasury bonds are yielding less than 2%.Roughly speaking, Shopify has to reach a market capitalization over $100 billion to hit that bogey. That in turn suggests at least $2 billion in net income in 2029, giving credit for a 50x P/E multiple at that point.Again, Shopify is generating $1.6 billion in revenue this year. That figure will rise exponentially, of course. It could rise tenfold over the decade, in fact: that would require a roughly 26% annualized growth rate. Wall Street sees revenue increasing 36% in 2020, and the company's move into fulfillment offers another top line boost. Growth will slow over time, but there's certainly a path to $16 billion in 2029 revenue.But how profitable will it be? Even assuming revenue does grow to $16 billion, Shopify needs operating margins around 15% to hit that $2 billion after-tax target. That too, is doable -- perhaps. Shopify's operating margins this year probably will be close to 3%. Sales and marketing spend, currently 29% of revenue on a non-GAAP basis, will decline as a percentage of sales as the top line grows. So will general and administrative expenses.All that said, gross margins here are 56% so far this year due to the heavy proportion of payment processing revenue. Software plays can get operating margins over 20%, but Shopify is only a partial software play. The payment processing business simply doesn't scale the same way software businesses do. Shopify might get to 15% operating margins -- but it's not guaranteed to get much further. Another Way to Look at Shopify StockLooking at that model, it's simply difficult to justify Shopify stock's current price. 26% annual revenue growth for a decade would be a stunning achievement. 15% operating margins would be an impressive accomplishment (though, to be fair, PayPal Holdings (NASDAQ:PYPL) has an adjusted operating margin nicely past 20%). Even the 50x out-year P/E multiple is hardly conservative. Move that figure to 30x and Shopify stock returns less than 5% a year.But even coming from a different angle, the rise in SHOP stock is problematic. In trying to make the fundamental case last year, I noted that market share figures relative to Amazon and eBay (NASDAQ:EBAY) did suggest potential upside, or at least supported what was then a stock price around $375. SHOP has gained another 25%-plus since then. Its valuation now is nearly double that of eBay and Square (NYSE:SQ).And while it's tough to model much upside, downside hasn't been modeled in either. We still have zero idea what Shopify looks like in a recession -- but we do know that small businesses, still the company's core clients, are the first to struggle in a macro downturn. Even that issue aside, growth is likely to slow if the economy does.Even a market downturn can have an effect. SHOP tumbled in 2018's fourth quarter, declining over 25% in a matter of weeks starting in late August.Again, the answer to all these concerns is simple: they've existed in some form for years now, and Shopify stock keeps climbing. The bears have been wrong, while bulls have profited greatly. Perhaps that will continue for the time being -- but I'm skeptical it will continue forever.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy as the 2020 Presidential Election Approaches * 5 Dividend Stocks With Low Payout Ratios and High Yields * 4 Post-Holiday Retail Stocks Still Worth a Look The post Overvalued Shopify Stock Continues to Prove Bears Wrong appeared first on InvestorPlace.

  • GuruFocus.com

    5 Companies Hit 52-Week Highs

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  • Business Wire

    Shopify to Announce Fourth-Quarter 2019 Financial Results February 12, 2020

    Shopify Inc. (NYSE:SHOP)(TSX:SHOP), a leading global commerce company, plans to announce financial results for its fourth quarter ended December 31, 2019 before markets open on Wednesday, February 12, 2020.

  • YY vs. SHOP: Which Stock Should Value Investors Buy Now?
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    YY vs. SHOP: Which Stock Should Value Investors Buy Now?

    YY vs. SHOP: Which Stock Is the Better Value Option?

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    Casper’s IPO Tells You Everything You Need to Know About Tech’s Promise and Its Troubles

    The mattress industry, long known for its commodity products and ruthless competition, isn’t typically fodder for a Tech Trader column. Witness the rise of Casper Sleep, a mattress start-up valued at just over $1 billion in the private market.

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  • Benzinga

    Analyst Starts Neutral Coverage On Shopify Due To Valuation

    While Shopify Inc (NYSE: SHOP ) has strong long-term earnings growth prospects, these seem to be “fully reflected” in its current share price, according to Loop Capital. The Analyst Loop Capital’s Anthony ...

  • American City Business Journals

    Report: VC startup exit value saw record year in the U.S.

    While exit activity may have slightly cooled off during the last half of 2019, the year that just ended set a huge record for venture capital exit value, according to a report released Tuesday by PitchBook and the National Venture Capital Association.

  • Shopify Stock Hits New High After Soaring 187% In 2019  — Should You Buy?
    Investor's Business Daily

    Shopify Stock Hits New High After Soaring 187% In 2019 — Should You Buy?

    Shopify was a huge winner in 2019. Earnings are booming and the company plans to compete more with Amazon. But is SHOP stock a good buy now?

  • Barrons.com

    Shopify Stock Nearly Tripled Last Year. An Analyst Says It Can Go Even Higher.

    Investors are increasingly optimistic about the company's e-commerce infrastructure platform, services, and tools.

  • Shopify (SHOP) Stock Moves -0.28%: What You Should Know
    Zacks

    Shopify (SHOP) Stock Moves -0.28%: What You Should Know

    Shopify (SHOP) closed the most recent trading day at $429, moving -0.28% from the previous trading session.

  • Shopify Stock: Big Rewards, Margin Pressure, Execution Risk In Fulfillment Push
    Investor's Business Daily

    Shopify Stock: Big Rewards, Margin Pressure, Execution Risk In Fulfillment Push

    Shopify's ambitious plan to building a U.S. distribution network could bring in $800 million in revenue while losing $200 million through 2023, estimates a Mizuho Securities analyst.

  • Benzinga

    Mizuho Says Shopify Has Attractive Fulfillment Opportunity, Investments Could Weigh On Margins

    Shopify is a leader in cloud e-commerce solutions and is well-positioned to generate robust revenue growth, especially given the favorable secular trends, Panigrahi said in the initiation note. Shopify is targeting a market that is large, estimated at around $30 billion and expected to sustain strong growth, the analyst mentioned. The recently launched Fulfillment solution enjoys synergies with the company’s products and merchant data, Panigrahi noted.

  • Three Things PayPal Stock Needs to Do to Hit $140 in 2020
    InvestorPlace

    Three Things PayPal Stock Needs to Do to Hit $140 in 2020

    As stock performances go, PayPal's (NASDAQ:PYPL) gains in 2019 were probably a disappointment for shareholders.Source: JHVEPhoto / Shutterstock.com Normally, a 29% return on any stock, let alone one of the world's leading payment processors, would be considered a success.But 2019 wasn't just any year. The S&P 500 delivered its second-best performance of the decade, up 28.9%. Furthermore, while PayPal stock gained almost 30%, it lagged the S&P 500 Data Processing & Outsourced Services Index by 15 percentage points.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn 2020, with expectations much lower for the S&P 500 and markets in general, if PYPL were to deliver a repeat performance, the stock price would close the year around $140.Here are three things PayPal needs to do in the next 12 months to ensure PYPL stock hits $140. Partnerships Have to Reap RewardsOn Dec. 30, PayPal CEO Dan Schulman announced the company was expanding its partnership with Latin America's biggest e-commerce marketplace, Mercadolibre (NASDAQ:MELI), a stock I've long favored. * 8 of the Strangest Stocks Worth Your Time In March 2019, as part of a $1.8 billion equity offering by Mercadolibre to expand and grow its e-commerce business, PayPal invested $750 million in the Argentinian company. "Digital commerce in Latin America is experiencing tremendous growth and MercadoLibre is well-positioned for continued leadership," Schulman said at the time. "We've been impressed with the digital commerce and payments ecosystem Marcos [Galperin, MELI CEO] and his team have built."However, that was just an investment.2019's end-of-the-year announcement expands the relationship to include PayPal as a payment option for online checkout via Mercado Pago in Brazil and Mexico. In addition, PayPal will be accepted in the MercadoLibre marketplace in Brazil and Mexico for cross-border purchases.As a result, PayPal's 300 million customers can now use the payment processor to buy stuff online in two of Latin America's largest commercial markets.I said in November that if you could afford to buy both PYPL and MELI, you should. Based off December's announcement, I would double down on that sentiment.In the year ahead, I want to see tangible progress from this partnership. If we do, PayPal's valuation multiples could start to creep higher, a necessity if PYPL stock is to hit $140, let alone $200. Additional Revenue Streams for PYPLPayPal announced Jan. 6 that it had completed the $4 billion purchase of Honey, a Los Angeles-based digital shopping and rewards platform."The addition of Honey to our platform enables a significant step forward in our commitment to provide powerful services and tools for merchants and consumers, move beyond our core checkout proposition and significantly enhance the shopping experience for our 300 million consumers and merchants," Schulman stated in a company release. Whether we're talking about PayPal, Square (NYSE:SQ), Shopify (NYSE:SHOP), or any of the other fintech companies participating in and around e-commerce, they all want to offer as many products or services to merchants and customers as they possibly can.The Holy Grail of e-commerce is to become a one-stop shop for merchants and buyers alike. We're not there quite yet, but moves like acquiring Honey bring PayPal that much closer. Business Insider contributor Mike Jaconi said it best in a Jan. 7 opinion piece:"When it comes to loyalty, every company, from multi-billion-dollar businesses like Amazon to your favorite mom-and-pop coffee shop, wants to do the same thing: Convince you to come to them first -- and not their competitors -- as frequently as possible."Honey's entire business model is built on driving commerce. Now, not only can Honey influence what people buy, but it can also influence how they buy those products.That's huge. In 2020, I'll be watching Honey's overall effect on PayPal stock. Continue to Monetize VenmoOne of the things Sanford Bernstein analyst Harshita Rawat would like to see from PayPal in 2020 is further monetization of Venmo, its peer-to-peer payment system. Toward the end of 2019, reports surfaced that Venmo was losing users to Square's Cash App, a sign that the stakes might be higher for PayPal in 2020. According to Macquarie analyst Dan Dolev, Cash App is doing well in Venmo strongholds such as New York, California and Massachusetts. Up until now, Venmo's owned the markets on both coasts, with Cash App ruling in the South and Midwest. However, with new features being introduced such as commission-free stock trading, Cash App is getting the attention of new user demographics, forcing Venmo to keep pace.In the year ahead, I'm not so concerned with the monetization of Venmo as I am about user base losses. Square is catching up, and while I like both stocks, that ought to be a big concern for PYPL shareholders. The Bottom Line on PayPal StockIn 2019, Square stock was soundly beaten by PayPal. In 2020, I think the battle between the two payment processors is going to be a lot closer. Who will win? I couldn't tell you. Long-term, I like PYPL stock. But if PayPal takes care of these three issues, I think it's got a shot at hitting $140.At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 of the Strangest Stocks Worth Your Time * 7 Stocks to Buy That Trump's Tax Cut Truly Rewarded * 5 Stocks That Could Double in 2020 The post Three Things PayPal Stock Needs to Do to Hit $140 in 2020 appeared first on InvestorPlace.

  • 7 Stocks to Buy That Could Double for a Second-Consecutive Year
    InvestorPlace

    7 Stocks to Buy That Could Double for a Second-Consecutive Year

    If you're looking for stocks to buy to double your money in 2020, you might want to look beyond the S&P 500.Don't get me wrong. The S&P 500's total return of 28.9% in 2019 was one of the best performances the index has seen in decades.However, a quick screen shows that only a few S&P 500 stocks doubled over the past year. But, if you broaden the search to include all U.S.-listed stocks with market caps exceeding $2 billion, the number of stocks doubling in value in 2019 jumps dramatically to over 70.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBroken down by sector, healthcare and technology stocks had the best results in 2019 -- with 29 and 38 doubling over the past year, respectively. The remaining seven sectors had between three and eight stocks double in 2019. * 7 Stocks That Are Screaming Buys Right Now Of the more than 70 stocks that doubled year to date, here are seven stocks to buy as of Jan. 2 that I believe will deliver a repeat performance in 2020. Stocks to Buy: Shopify (SHOP)Source: Jirapong Manustrong / Shutterstock.com Shopify (NYSE:SHOP), what I consider to be one of Canada's best tech stocks, gained 187% in 2019.As the e-commerce platform's stock went higher in 2019, the number of stories that appeared recommending shorting SHOP stock increased dramatically. Currently, Shopify has 4.72 million shares short, which is a lot until you consider that it only takes two days to cover based on its average daily volume -- making a short squeeze very difficult to pull off.As I stated in November, as long as Shopify's monthly recurring revenue (MRR) continues to grow by double-digit percentages, it will continue to deserving of a growth-company valuation. MRR grew by 41.4% and 33.8% over the past two years.More importantly, it took Shopify 19 months to go from 600,000 subscribers to 1 million subscribers. At 25% compound annual growth, Shopify ought to hit 2 million subscribers by the end of 2022.Another reason to like Shopify's chances of doubling for a second-consecutive year is that CEO Tobias Lutke doesn't believe in spending all day and night at work."I'm home at 5:30 pm every evening. My job is incredible, but it's also just a job. Family and personal health rank higher in my priority list," Lutke tweeted recently. Roku (ROKU)Source: Fozan Ns / Shutterstock.com If you bought Roku (NASDAQ:ROKU) at the end of 2018, you're sitting pretty early in 2020. The stock rose 337% throughout 2019.While it's doubtful that ROKU stock will deliver a repeat performance in 2020, I think the odds are high that it will generate 100%-plus returns over the next year. I believe it will continue to grow its international business while also improving its advertising platform.In my eyes, Roku was a "Stock of the Year" candidate in 2019 because it continued to grow the number of active accounts and streaming hours from those accounts. In the third quarter, Roku increased the average hours streamed per account by 22% to 318.9.As long as it continues to remain a relatively neutral aggregator of TV shows and movies through the Roku platform and Roku Channel, I don't see anyone taking market share from the company. * 9 Boring Stocks to Buy You Should Never Let Go Of I would suggest that given Roku's volatility, you put aside some cash to buy some more ROKU stock when it experiences a correction in the next year. In September 2019, ROKU lost around 40% of its value in less than a month. StoneCo (STNE)Source: Shutterstock When I think of the name StoneCo (NASDAQ:STNE), for some reason, I think of a paper business. Perhaps it's that whole rock, paper, scissors thing.Anyway, StoneCo isn't a paper company, but a Brazilian payment processing stock that's 4.3% owned by Warren Buffett and Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B).How's that for an endorsement?In 2019, StoneCo's stock gained 116% thanks to double-digit growth in both revenues and profits. In Q3 2019, revenues and adjusted net income increased by 62% and 126% year-over-year, respectively.The company operates in Brazil, where the economy and currency are on the mend. And, digital payments through debit and credit transactions account for just 40% of all transactions in the country -- suggesting that StoneCo's growth trajectory is very healthy.In addition to processing payments, just like Square Capital does, StoneCo loans money to small- and mid-sized customers. In the third quarter, outstanding loans increased by 333% to 13,000.I continue to favor disruptive companies. Especially in emerging markets such as Brazil, where the penetration is so much lower than in North America and Europe. Universal Display (OLED)Source: Daniel Pieterson / Shutterstock.com You can't keep a good stock down.In November 2018, I recommended investors buy Universal Display (NASDAQ:OLED) stock on the dip. OLED had lost almost 42% of its value through the first 10 months of 2018. Since then, it's up 97%, with all of the gains coming in 2019.In 2013, I recommended buying Universal Display as one of five stocks to buy for the next 20 years. My rationale was simple: OLED stands for organic light-emitting diode. It had more than 3,000 patents related to display technologies for flat-panel TVs, smartphones, etc. It licenses its technology to manufacturers of these products.At the time, digital displays were transitioning from LED to OLED; Universal Display was the industry leader. Therefore, it was a no-brainer. As companies such as Apple (NASDAQ:AAPL) moved to make their own displays, investors started to get nervous about growth. * 7 Industrial Stocks to Buy for a Strong New Year However, if the company's latest quarterly report is any indication, OLED's got plenty of gas left in the tank in 2020 and beyond. Generac Holdings (GNRC)Source: Lissandra Melo / Shutterstock.com In 2019, Generac Holdings (NYSE:GNC) delivered a total return of 102%, with almost one-third of the gains coming in the final three months of the year.The tail end of Hurricane Dorian hit Halifax, Nova Scotia, where I live, in September -- knocking out power for most of the province. Ever since then, I've paid close attention to Generac's TV advertisements promoting its residential generators.Although you could hardly mistake Generac for Roku or Shopify, it still managed to deliver record-breaking net sales and adjusted EBITDA in the third quarter. Residential sales jumped 7.4% on higher demand for the company's residential units.As North America's electrical grid ages, the number of power outages increases. Clearly, I'm not the only person noticing Generac's products on TV. And, as a result, Generac's raised its sales growth for the entire fiscal year.Generac doesn't pay a dividend. However, if its residential unit in the U.S. continues to grow in the high single digits, there will be more than enough capital appreciation to keep shareholders happy. Yeti Holdings (YETI)Source: David Tonelson / Shutterstock.com Yeti Holdings (NYSE:YETI) is your typical rags to riches entrepreneurial story.Brothers Roy and Ryan Seiders founded the company in 2006 in Austin, Texas. The two outdoorsmen were frustrated with the quality of hard coolers on the market. By utilizing advanced manufacturing techniques and forward-thinking design, the duo came up with the Yeti cooler, an indestructible product that put other coolers to shame. From there, the brothers moved on to other outdoor products, and the rest, as they say, is history.In 2012, the brothers agreed to sell 70% of the company to New York City-based private equity firm, Cortec, for $67 million. When Yeti went public in October 2018 at $18 per share, some stories circulated at the time that suggested Cortec could reap as much as $3.3 billion from the IPO.I've looked all through its IPO documents and fail to see that much largesse.Nonetheless, all of the stakeholders, including the Seiders brothers, have benefitted greatly over the past seven years. And those that bought in IPO shares and are still holding gained 134% in 2019 alone.In October, I recommended YETI stock because the company's direct-to-consumer business is growing by leaps and bounds. * 5 Stocks to Consider for the New Year Private equity firms often are bad news for consumer brands. In the case of Cortec, that wasn't the case. In 2020, expect Yeti to maintain its growth trajectory. Cannae Holdings (CNNE)Source: Shutterstock Cannae Holdings (NYSE:CNNE) generated a 2019 return of 117%.Who is Cannae Holdings?It is the not-so-new name for Fidelity National Financial Ventures, the non-real estate investment vehicle of Fidelity National Financial (NYSE:FNF) -- one of the biggest providers of title insurance in the U.S.What does Cannae own today?Its most significant investment is in Ceridian HCM Holdings (NYSE:CDAY), a human capital management company run by Canadian CEO David Ossip. I first recommended CDAY stock in May 2018, calling it "one of the best up-an-coming stocks to own on the NYSE." CDAY is up 105% in the 20 months since. Cannae recently sold 9 million shares at nearly $57 each. It still owns 28.7 million shares or 20% of the company.In February 2019, in conjunction with other investors, Cannae acquired Dun & Bradstreet for $6.5 billion, including the assumption of $1.1 billion in debt. In the take-private acquisition, Cannae invested $506 million in return for 24.5% of D&B's outstanding equity. In addition to these two extensive holdings, it also has a few smaller investments -- including a controlling stake in the O'Charley's, Village Inn and Ninety Nine Restaurants & Pubs.Chairman Bill Foley II is known to be one of the better capital allocators in America.At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks to Buy to Kick Off the New Year * 7 Buyout Targets to Watch For 2020 * 9 Boring Stocks to Buy You Should Never Let Go Of The post 7 Stocks to Buy That Could Double for a Second-Consecutive Year appeared first on InvestorPlace.

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  • The Zacks Analyst Blog Highlights: JPMorgan, Sanofi, General Electric, American Electric Power and Shopify
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    The Zacks Analyst Blog Highlights: JPMorgan, Sanofi, General Electric, American Electric Power and Shopify

    The Zacks Analyst Blog Highlights: JPMorgan, Sanofi, General Electric, American Electric Power and Shopify

  • Top Stock Reports for JPMorgan, Sanofi & General Electric
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  • Despite Narrow Marketplace Focus, Etsy Stock Has Crafty Potential
    InvestorPlace

    Despite Narrow Marketplace Focus, Etsy Stock Has Crafty Potential

    Among the newer generation of internet marketplace stocks, Etsy (NASDAQ:ETSY) is one of the more mature names. The company went public almost five years ago and was in business for a decade prior to that.Source: quietbits / Shutterstock.com Despite its tenure, Etsy has fallen behind marketplace rivals such as Shopify (NYSE:SHOP) and share price performance reflects as much. Amid expectations of slowing growth, Etsy stock stumbled to a 7% loss in 2019 while the S&P 500 and other broader benchmarks surged. Shopify more than tripled.Etsy's 2019 performance is disappointing when considering the strength of the U.S. consumer and economy. The company matches buyers and sellers in areas like clothing, jewelry and vintage items. And it collects a fee on those transactions.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe stock even tumbled following a solid third-quarter earnings report, in which the company revealed sales growth of 30% and raised gross merchandise sales (GMS) and revenue guidance. Typically, upbeat guidance should be rewarded by investors. But that wasn't the case for Etsy stock. The negative reaction puts pressure on the fourth-quarter earnings update and 2020 guidance to be spectacular."During the third quarter we launched several transformative initiatives to serve as the building blocks for long-term, sustainable growth," Etsy CEO Josh Silverman said in a statement. "… We are just beginning to see the impact of these initiatives, which we believe further our competitive advantages and will have a more meaningful contribution to our results in 2020 and beyond." Headwinds and OpportunityPerhaps the two biggest hurdles Etsy faces in 2020 are convincing investors last year's GMS and sales growth is somewhat sustainable and prompting market participants to pay up for that growth. That's another way of saying that almost 46 times this year's earnings and 7 times sales, Etsy isn't inexpensive. * 9 Boring Stocks to Buy You Should Never Let Go Of The good news for Etsy is that many of its customers are constantly shopping. Plus, the housing market is strong. The iShares U.S. Home Construction ETF (BATS:ITB) jumped almost 49% last year. And millennials -- a core Etsy demographic -- are entering the home-buying arena in force. The online marketplace operator stands to benefit.While Etsy stock has its critics on Wall Street, it has supporters, too, including RBC Capital analyst Mark Maheny.Maheny likes the 2020 outlook "for the stock given a large, loyal, and growing community of buyers and sellers and multiple growth initiatives, including free shipping, advertising, and product improvements," reports Barron's.The average analyst price target on Etsy is just over $65, but the stock closed barely under $45 on Friday. So something has to give. Either analysts lower their price forecast or the stock starts marching closer to the current consensus target. Bottom Line: Etsy Stock Is UnderappreciatedEtsy isn't as big as some of the aforementioned names and doesn't have the sizzle markets have ascribed to Shopify. But the Brooklyn-based company does have some important factors in its favor. Notably, this isn't some ultra-expensive, nowhere-close-to-profitable internet unicorn.Etsy was actually cash flow positive in the third quarter and ended that period with $856.7 million in cash or cash equivalents. Plus, the company is buying back its own stock, something that mature, financially sound companies do.After repurchasing $2.8 million of its own shares, Etsy may want to consider buying more of its stock before it rallies too much. Another repurchase would serve as an avenue for boosting earnings. Investors may want to follow suit.As of this writing, Todd Shriber did not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks to Buy to Kick Off the New Year * 7 Buyout Targets to Watch For 2020 * 9 Boring Stocks to Buy You Should Never Let Go Of The post Despite Narrow Marketplace Focus, Etsy Stock Has Crafty Potential appeared first on InvestorPlace.

  • MoneyShow

    Top Picks 2020- Shopify SHOP

    Todd Shaver, editor of BullMarket Report had an exceptional 2019; last year, he picked Apple (AAPL) as his favorite conservative stock and Roku (ROKU) as his top speculation. Apple rose 87% and Roku was up a staggering 315%.