SHOP

Shopify Inc - Ordinary Shares - Class A

TMT


Presented:08/08/2023
Price:$56.19
Cap:$71.85B
Current Price:$81.93
Cap:$105.72B

Presented

Date08/08/2023
Price$56.19
Market Cap$71.85B
Ent Value$79.07B
P/E RatioN/A
Book Value$5.82
Div Yield0%
Shares O/S1,278.73M
Ave Daily Vol13,526,919
Short Int4.05%

Current

Price$81.93
Market Cap$105.72B
Shopify, Inc. operates a cloud-based commerce platform designed for small and medium-sized businesses. Its software is used by merchants to run business across all sales channels, including web, tablet and mobile storefronts, social media storefronts, and brick-and-mortar and pop-up shops. The firm's platform provides merchants with a single view of business and customers and enables them to manage products and inventory, process orders and payments, build customer relationships and leverage analytics and reporting. It focuses on merchant and subscription solutions. The company was founded on September 28, 2004 and is headquartered in Ottawa, Canada.

Publicly traded companies mentioned herein: Amazon.com Inc (AMZN), Block Inc (SQ), Fiserv Inc (FI), Shopify Inc (SHOP), Target Corp (TGT), Walmart Inc (WMT)

Highlights

The presenter is long shares of Shopify Inc (SHOP), a leading retail platform for merchants. His bullish outlook stems from strong penetration runway compared to the broader e-comm market, the recent divestiture of its fulfillment business, optimism around Shopify Plus merchant and enterprise merchant adoption, and new products that can drive growth. While the valuation is expensive at the current $56 share price, he sees an attractive risk/reward setup with a base case price target of $76, a bull case target of $131, and a bear case target of $51.

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Idea Discussion

Commentor 1 - 2 weeks ago

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