Shopify Inc Stock
€54.27
Your prediction
Shopify Inc Stock
Shopify Inc. is a leading e-commerce platform, headquartered in Ottawa, Canada, that provides merchants with a comprehensive suite of services to create, manage, and expand their online businesses. Established in 2006, Shopify has significantly impacted the way businesses operate, offering a user-friendly interface, customizable templates, secure payment processing systems, and an extensive ecosystem of third-party applications. As a publicly traded company on the New York Stock Exchange (NYSE) and Toronto Stock Exchange (TSX) under the ticker symbol SHOP, Shopify has experienced rapid growth in market capitalization since its initial public offering (IPO) in 2015, establishing itself as a key player in the realm of digital commerce solutions for businesses worldwide.
Pros and Cons of Shopify Inc in the next few years
Pros
Cons
Performance of Shopify Inc vs. its peers
| Security | Change(%) | 1w | 1m | 1y | YTD | 3y | 5y |
|---|---|---|---|---|---|---|---|
| Shopify Inc | 0.800% | -1.608% | -17.688% | -3.339% | -24.699% | -44.022% | 118.951% |
| Open Text Corp. | -0.680% | -0.426% | -14.798% | -26.288% | -26.693% | -25.366% | -23.168% |
| Constellation Software | 0.000% | -1.378% | 0.000% | 33.814% | 11.830% | 113.920% | - |
| NortonLifeLock Inc. | -0.860% | 6.422% | 20.833% | 54.667% | 11.538% | 7.036% | 29.827% |
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The analysis provided is generated by an artificial intelligence system and is provided for informational purposes only. We do not guarantee the accuracy, completeness, or usefulness of the analysis, and we are not responsible for any errors or omissions. Use of the analysis is at your own risk.Upon first glance, Shopify's financials appear to represent a company experiencing strong growth and expansion in the Software & IT Services industry. The numbers indicate an increased total revenue, total assets, and gross profit over the years. However, it is crucial to dig deeper into the details to fully understand the company's financial strengths and weaknesses, as well as risks and opportunities.
Increasing total revenue: Shopify's total revenue has grown significantly over the past few years, from $2.93 billion in 2020 to $5.60 billion in 2022. This is a positive indicator for investors as it signifies the company's ability to generate sales, increase its market share, and further establish itself in the industry.
Robust growth in total assets: From 2020 to 2022, the total assets increased from $7.76 billion to $10.76 billion, showing that the company is effectively accumulating assets to strengthen its position.
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