Despite economic uncertainty, analysts upbeat ahead of Shopify's earnings

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The e-commerce software company is set to unveil third-quarter earnings before markets open on Thursday.

TORONTO, ON - May 4: The Shopify logo is pictured outside the The Well building on Spadina Ave. in Toronto. Toronto Star/Lance McMillanMay-04-2023 The e-commerce software company is set to unveil third-quarter earnings before markets open on Thursday morning, and some analysts are upbeat about its prospects, despite lingering economic uncertainty.

“Shopify’s large , take-rate economics and strong product execution are likely to help sustain positive investor sentiment.” “Although Shopify trades at a premium relative to the group, we remind investors that it is one of the few companies in the space to experience revenue growth re-acceleration in the current macro backdrop,” Toner wrote, maintaining his "outperform" rating, with a price target of $95 per share.

Shopify will report earnings on Thursday morning, and conduct a conference call with analysts before markets open. Steve Ballmer joined Microsoft in 1980 as Bill Gates' assistant, became CEO in 2000, and retired in 2014 with a 4% stake that's worth a fortune today.Are you interested in reliable stocks? Consider Canadian Dividend Aristocrats! The post Canadian Dividend Aristocrats: The Backbone of Reliable Investing appeared first on The Motley Fool Canada.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Lightspeed CEO’s attempt to win back investors faces test with Q2 earnings ThursdayLightspeed CEO once predicted the company would end up in a ‘Braveheart battlefield’ with Shopify, but now it is in a different fight
Source: globeandmail - 🏆 5. / 92 Read more »