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The Latest Breaking News from Shopify Inc

Amazon Confidentially Scooped Veeqo In November

Amazon.com Inc (NASDAQ:AMZN) had confidentially acquired Veeqo in November. The financial terms of the transaction remain undisclosed. Octopus Ventures, an investor in Veeqo, confirmed the deal. Veeqo makes tools to help online businesses sell products on and off Amazon. Amazon, which likely accounts for ~40% of the nation’s e-commerce sales, has long been pursuing…

Here's Why Shopify Shares Hit 52-Week Low Today

Here's Why Shopify Shares Hit 52-Week Low Today

Analysts slashed their price targets on Shopify Inc (NYSE: SHOP)

Why Shopify Shares Are Sliding Today

Why Shopify Shares Are Sliding Today

Shopify Inc (NYSE: SHOP) is trading lower Wednesday morning after the company announced worse-than-expected fourth-quarter financial results and warned of slowing growth.

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Shopify Did Not Perform As High As The Street Expected

Shopify Inc (NYSE:SHOP) reported fourth-quarter FY21 sales growth of 41% year-on-year, to $1.38 billion, missing the consensus of $1.69 billion. Revenue from Subscription Solutions rose 26% Y/Y to $351.2 million, primarily due to more merchants joining the platform and Merchant Solutions increased 47% Y/Y to $1.03 billion, driven primarily by the growth of…

Wedbush Is Bullish On Shopify, Thanks To Apple

Wedbush analyst Ygal Arounian lowered the price target on Shopify Inc (NYSE:SHOP) to $1,270 from $1,296 and reiterated an Outperform rating on the shares. The price target implies an upside of 42%. The analyst expects Shopify to report strong results in Q4, with more robust growth earlier in the quarter, offsetting slower overall BFCM and…

Why Shopify Shares Are Falling Today

Shopify Inc (NYSE: SHOP) is trading lower Tuesday following bearish analyst coverage from Keybanc. Keybanc analyst Josh Beck maintained Shopify with an Overweight rating and lowered the price target from $1750 to $1250.

Shopify Partners With JD.com To Expand In China: Report

Shopify Inc (NYSE:SHOP) has partnered with e-commerce giant JD.com Inc (NASDAQ:JD) to help U.S. merchants sell their goods in China, CNBC reports. JD will open an "accelerated channel" for brands on Shopify to begin selling via its cross-border e-commerce site in China. The report added that JD would handle the price conversion and logistics…

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