Dernières nouvelles pour Shopify (NYSE:SHOP) Stock

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.

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.

Earnings

News

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Events

Federal Reserve

Markets

Analyst Ratings

Tech

Trading Ideas

SHOP

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.

Options

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?

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.

Reiteration

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

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

PayPal Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>)<a href="https://www.benzinga.com/news/24/09/40781082/whats-going-on-with-paypal-stock"> is a buy</a>, according to CNBC's Jim Cramer. 
On Monday, PayPal disclosed an expansion of its strategic partnership with Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) in the U.S. 
Per the deal, PayPal will become an additional credit and debit card processor for Shopify Payments through its PayPal Complete Payments solution, providing flexible and advanced developer tools for marketplaces and platforms.
Cramer, on the latest &#8220;Mad Money Lightning Round,&#8221; said Rivian (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) has &#8220;got the money to be able to make it. That doesn't mean that the stock is a buy, it does mean they're going to make it. So, I would say you've got to let it percolate. But it's not anytime soon.&#8221;
The recent $5 billion deal between Volkswagen (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) and U.S. electric vehicle start-up Rivian Automotive has reportedly stirred up discontent among employees at the German automaker's software division Cariad.
&#8220;I think you're fine,&#8221; Cramer said when asked about The Southern Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SO#NYSE">SO</a>). &#8220;Let's say it's a baby growth story.&#8221;
On Aug. 29, Bank of America Securities analyst Julien Dumoulin-Smith maintained Southern with a Neutral and raised the price target from $86 to $87.
The Mad Money host said he is concerned about CVS Health Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>). &#8220;Let's just keep it on ice for the moment,&#8221; he added.
On Sept. 10, Cantor Fitzgerald analyst Sarah James reiterated CVS Health with a Neutral and maintained a $62 price target.
The Home Depot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) is &#8220;good,&#8221; Cramer said.
On Aug. 13, HD reported second-quarter 2024 sales growth of 0.6% year-over-year to $43.175 billion, marginally missing the consensus estimate of $43.376 billion. Adjusted EPS was $4.67 (-0.2% year over year), beating the consensus of $4.50.
Cramer said he doesn't have anything to say about Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), adding that it is a &#8220;cold stock.&#8221;
On Sept. 6, S&amp;P Dow Jones Indices announced that Palantir Technologies will be added to the S&amp;P 500 Index, effective prior to the start of trading on Sept. 23.
Cramer said he is a buyer of Energy Transfer LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ET#NYSE">ET</a>).
On Aug. 9, Energy Transfer announced a secondary public offering of 38,755,996 of its common units.
Price Action:
<ul>
<li>PayPal shares rose 0.7% to settle at $69.35 on Wednesday.</li>
<li>Rivian shares rose 5.3% to close at $13.93 during Wednesday's session.</li>
<li>Palantir shares gained 0.3% to settle at $34.85.</li>
<li>Energy Transfer shares rose 0.3% to close at $15.87.</li>
<li>Southern shares fell 1% to close at $88.77 during Wednesday's session.</li>
<li>CVS fell 1.5% to settle at $56.11 during the session.</li>
<li>Home Depot shares fell 0.1% to close at $370.49 on Wednesday.</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/top-stories/24/09/40813043/jim-cramer-not-the-time-to-own-oil-when-asked-about-exxon-mobil-says-ibm-is-performing-well">Jim Cramer: &#8216;Not The Time To Own Oil,&#8217; When Asked About Exxon Mobil; Says IBM Is &#8216;Performing Well&#8217;</a></li>
</ul>
Image: Shutterstock

Long Ideas

Media

PLTR

PYPL

RIVN

VWAGY

PayPal Is A Buy, Jim Cramer Says: As For Rivian? 'Let It Percolate'

Shopify shares are trading higher after Wells Fargo raised its price target on the stock from $80 to $90.

Wells Fargo analyst Andrew Bauch maintains Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) with a Overweight and raises the price target from $80 to $90.

Wells Fargo Maintains Overweight on Shopify, Raises Price Target to $90

JMP Securities analyst Andrew Boone reiterates Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) with a Market Outperform and maintains $80 price target.

JMP Securities Reiterates Market Outperform on Shopify, Maintains $80 Price Target

Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) has outperformed the market over the past 10 years by 29.87% on an annualized basis producing an average annual return of 40.42%. Currently, Shopify has a market capitalization of $87.51 billion. 
Buying $100 In SHOP: If an investor had bought $100 of SHOP stock 10 years ago, it would be worth $2,960.28 today based on a price of $67.82 for SHOP at the time of writing.
<h3>Shopify's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725989422_0_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.

If You Invested $100 In This Stock 10 Years Ago, You Would Have $3,000 Today

Deep-pocketed investors have adopted a bearish approach towards Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in SHOP usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for Shopify. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 33% leaning bullish and 66% bearish. Among these notable options, 4 are puts, totaling $651,830, and 5 are calls, amounting to $399,825.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $65.0 to $80.0 for Shopify over the recent three months. 
<h3>Volume &amp; Open Interest Trends</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 $65.0 to $80.0 in the last 30 days. 
<h3>Shopify Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725988543_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>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$14.9</td>
<td>$14.5</td>
<td>$14.9</td>
<td>$70.00</td>
<td>$298.0K</td>
<td>3.2K</td>
<td style="text-align: right;">200</td>
</tr>
<tr>
<td>SHOP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$11.75</td>
<td>$11.7</td>
<td>$11.7</td>
<td>$65.00</td>
<td>$233.6K</td>
<td>3.4K</td>
<td style="text-align: right;">200</td>
</tr>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$6.3</td>
<td>$6.25</td>
<td>$6.25</td>
<td>$70.00</td>
<td>$156.2K</td>
<td>4.8K</td>
<td style="text-align: right;">770</td>
</tr>
<tr>
<td>SHOP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$17.7</td>
<td>$17.55</td>
<td>$17.7</td>
<td>$80.00</td>
<td>$88.5K</td>
<td>3.0K</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>$5.45</td>
<td>$5.35</td>
<td>$5.35</td>
<td>$65.00</td>
<td>$79.7K</td>
<td>3</td>
<td style="text-align: right;">151</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>With a volume of 1,875,244, the price of SHOP is down -1.17% at $67.33. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 51 days.</li>
</ul>
<h3>What The Experts Say On Shopify</h3>
A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $73.25.
<ul>
<li>An analyst from Cantor Fitzgerald has revised its rating downward to Neutral, adjusting the price target to $70. </li>
<li>An analyst from JP Morgan has decided to maintain their Overweight rating on Shopify, which currently sits at a price target of $76. </li>
<li>An analyst from Loop Capital persists with their Hold rating on Shopify, maintaining a target price of $80. </li>
<li>Maintaining their stance, an analyst from Piper Sandler continues to hold a Neutral rating for Shopify, targeting a 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.

PayPal Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) disclosed an <a target="_blank" href="https://newsroom.paypal-corp.com/2024-09-09-PayPal-partners-with-Shopify-to-power-a-portion-of-Shopify-Payments-in-the-U-S" rel="noreferrer noopener">expansion </a>of its strategic partnership with Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) in the U.S.
As per the deal, PayPal will become an additional credit and debit card processor for Shopify Payments through its PayPal Complete Payments solution, providing flexible and advanced developer tools for marketplaces and platforms.
PayPal wallet transactions will be seamlessly integrated into Shopify Payments in the U.S., simplifying order management, payouts, reporting, and chargeback processes.
This update provides a unified experience for PayPal and Shopify merchants, combining innovative payment options with improved operational efficiency.
Last week, PayPal stated that it is integrating its debit card with&nbsp;Apple mobile wallet and offering different cashback rewards to penetrate the U.S. <a target="_blank" href="https://www.benzinga.com/fintech/24/09/40731875/paypal-ventures-into-in-person-payments-with-apple-pay-integration-and-cashback-rewards" rel="noreferrer noopener">point-of-sale (POS) payments market</a>.
Last month, PayPal and Fiserv expanded their longstanding partnership to streamline how Fiserv clients enable PayPal, <a target="_blank" href="https://www.benzinga.com/markets/equities/24/08/40627719/paypal-supercharges-checkout-new-fiserv-partnership-boosts-one-click-conversions" rel="noreferrer noopener">Venmo, and related services</a>.
Investors can gain exposure to PYPL via&nbsp;Global X FinTech ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FINX#NASDAQ">FINX</a>) and&nbsp;Amplify ETF Trust Amplify Mobile Payments ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IPAY#NYSE">IPAY</a>).
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/08/40627719/paypal-supercharges-checkout-new-fiserv-partnership-boosts-one-click-conversions" rel="noreferrer noopener">PayPal Supercharges Checkout: New Fiserv Partnership Boosts One-Click Conversion</a>
Price Action: PYPL shares are up 1.07% at $69.63 at the last check Monday.
Image via Shutterstock
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

AAPL

FINX

IPAY

PayPal Expands Role In Shopify Payments: What's On The Cards?

Roblox Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>) announced multiple upcoming changes to encourage more traditional game developers. Techcrunch <a target="_blank" href="https://techcrunch.com/2024/09/06/roblox-introduces-new-earning-opportunities-for-creators-teases-generative-ai-project/'" rel="noreferrer noopener">cites</a> Roblox chief product officer Manuel Bronstein in an interview.
The online gaming company is looking to open up more opportunities for creators, including a project that will power generative AI creation on the platform.&nbsp;TechCrunch reports that Roblox proposed a "Price Optimization" tool to help developers identify the best price for in-experience purchases.&nbsp;
Creators will now receive 50% of the revenue for paid experiences worth $9.99, 60% for experiences worth $29.99, and 70% for experiences worth $49.99, TechCrunch cites from the annual Roblox Developers Conference Friday. The creators earn about 25% of the revenue for their paid experiences.&nbsp;
Roblox CEO and Co-Founder&nbsp;Dave Baszucki&nbsp;eyes 10% of the global video-game content market when it reaches 300 million daily active users by collaborating with Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>),&nbsp;Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) and&nbsp;Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>),
Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-09-06/roblox-aims-to-attract-10-of-180-billion-gaming-content-market?srnd=phx-technology&amp;sref=TBDibEcD" rel="noreferrer noopener">cites</a> from the conference.
Baszucki told Bloomberg that the gaming market accounts for $180 billion in content revenue annually.
Roblox also tapped&nbsp;Shopify Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) to help users sell physical products through digital Roblox experiences.
The gaming company also revealed plans for a new program to price paid-access experiences on desktop versions in real currency.
Baszucki told Bloomberg that in 2023, Roblox paid over $800 million to its community of game developers.
Roblox's fiscal 2024 investor guidance of <a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40099661/robloxs-q2-earnings-31-topline-growth-increased-user-engagement-guidance-hike" rel="noreferrer noopener">$4.2 billion in bookings</a> is about 2% of the global gaming market, which Baszucki estimates currently at $160 billion and $180 billion, the Verge <a target="_blank" href="https://www.theverge.com/2024/9/6/24237685/robloxs-ceo-on-getting-to-1-billion-users" rel="noreferrer noopener">reports</a>. Baszucki told Verge its ambition is to reach 1 billion users, citing that Roblox could beat the entire AAA game industry.
Roblox stock gained 53% in the last 12 months. Investors can gain exposure to the stock through Vanguard Mid-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VO#NYSE">VO</a>) and Vanguard Total Stock Market ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTI#NYSE">VTI</a>).
Price Action: RBLX stock is up 1.79% at $44.42 premarket at the last check Monday.
Photo via Shutterstock

GOOG

GOOGL

RBLX

TCEHY

Roblox Targets 1B Users, Boosting Growth Through Apple, Alphabet, and Shopify Collaborations

<a href="https://investor.pypl.com/home/default.aspx">PayPal Holdings Inc.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) today announced an expansion of its global strategic partnership with Shopify Inc. ((NYSE, TSX:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#TSX">SHOP</a>) in the U.S. PayPal will become an additional online credit and debit card processor for Shopify Payments through PayPal Complete Payments, a solution for marketplaces and platforms comprised of flexible and powerful developer tools.
With a brand-new experience, PayPal wallet transactions will be integrated into Shopify Payments in the U.S., which will streamline the managing of orders, payouts, reporting, and chargeback flows. This enhancement creates a single, unified experience for PayPal and Shopify merchants offering both innovative payment options and operational efficiency.

TSX:SHOP

PayPal Expands Partnership with Shopify, Integrating Payments for US Merchants

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What has Wall Street been buzzing about this week? Here are the top 5 buy calls and the top 5 sell calls made by Wall Street's best analysts during the trading week of Sept. 16-20, 2024.

Wall Street's Top 10 Stock Calls This Week - Saturday, Sept. 21

Notable analyst calls this week: FedEx, Shopify and Micron among top picks

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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>.
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<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

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