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.
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