Shopify Set for Growth Under Current Leadership, Oppenheimer Says

MT Newswires Live01:57

Shopify (SHOP) has potential for growth spanning multiple years under its management team, Oppenheimer said in a note Thursday.

Solid momentum in Shopify's Black Friday/Cyber Monday results position its gross merchandise volume ahead of $92.2 billion consensus, Oppenheimer noted. The firm pointed to earlier holiday buying trends and an expanding international merchant base as potential tailwinds.

Oppenheimer said that it expects the ongoing PayPal partnership to "rollout through the quarter, potentially dampening [Q4] gross up", but it provides an upside for Q1 2025.

"We continue to view 2024 customer acquisition investments as a favorable lead into 2025 growth," Oppenheimer said.

Oppenheimer had an outperform rating for Shopify with a $130 price target.

Shopify shares fell over 3% in recent trading.

Price: 106.11, Change: -3.60, Percent Change: -3.28

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2492210476?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-20 01:57","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2492210476","market":"sg","top_or_hot":-1,"title":"Shopify Set for Growth Under Current Leadership, Oppenheimer Says","media":"MT Newswires Live","content":"<html><body><p> Shopify (SHOP) has potential for growth spanning multiple years under its management team, Oppenheimer said in a note Thursday.</p><p>Solid momentum in Shopify's Black Friday/Cyber Monday results position its gross merchandise volume ahead of $92.2 billion consensus, Oppenheimer noted. The firm pointed to earlier holiday buying trends and an expanding international merchant base as potential tailwinds.</p><p>Oppenheimer said that it expects the ongoing <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> partnership to \"rollout through the quarter, potentially dampening [Q4] gross up\", but it provides an upside for Q1 2025.</p><p>\"We continue to view 2024 customer acquisition investments as a favorable lead into 2025 growth,\" Oppenheimer said.</p><p>Oppenheimer had an outperform rating for Shopify with a $130 price target.</p><p>Shopify shares fell over 3% in recent trading.</p><p>Price: 106.11, Change: -3.60, Percent Change: -3.28</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Shopify Set for Growth Under Current Leadership, Oppenheimer Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nShopify Set for Growth Under Current Leadership, Oppenheimer Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-20 01:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shopify (SHOP) has potential for growth spanning multiple years under its management team, Oppenheimer said in a note Thursday.Solid momentum in Shopify's Black Friday/Cyber Monday results position ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1861559042.SGD","symbol_name":"日兴方舟颠覆性创新基金B SGD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2492210476","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492210476","pubTimestamp":1734631064,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Shopify (SHOP) has potential for growth spanning multiple years under its management team, Oppenheimer said in a note Thursday.Solid momentum in Shopify's Black Friday/Cyber Monday results position it","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4566":"资本集团","SHOP":"Shopify Inc","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","BK4524":"宅经济概念","LU2265009873.SGD":"Eastspring Investments - Global Growth Equity AS SGD-H","BK4116":"互联网服务与基础架构","BK4588":"碎股","LU1804176565.USD":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC","OPY":"奥本海默控股","BK4551":"寇图资本持仓","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","BK4548":"巴美列捷福持仓","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU1548497426.USD":"安联环球人工智能AT Acc","BK4127":"投资银行业与经纪业","BK4585":"ETF&股票定投概念","BK4528":"SaaS概念","BK4532":"文艺复兴科技持仓","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD"},"translate_title":"奥本海默表示，Shopify将在现任领导下实现增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SHOP":1,"OPY":1},"content_text":"Shopify (SHOP) has potential for growth spanning multiple years under its management team, Oppenheimer said in a note Thursday.Solid momentum in Shopify's Black Friday/Cyber Monday results position its gross merchandise volume ahead of $92.2 billion consensus, Oppenheimer noted. The firm pointed to earlier holiday buying trends and an expanding international merchant base as potential tailwinds.Oppenheimer said that it expects the ongoing PayPal partnership to \"rollout through the quarter, potentially dampening [Q4] gross up\", but it provides an upside for Q1 2025.\"We continue to view 2024 customer acquisition investments as a favorable lead into 2025 growth,\" Oppenheimer said.Oppenheimer had an outperform rating for Shopify with a $130 price target.Shopify shares fell over 3% in recent trading.Price: 106.11, Change: -3.60, Percent Change: -3.28","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"executive","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492210476"}