Shopify sells a unit

SHOPIFY, $89.91, remains a buy. The company (Toronto symbol SHOP; TSINetwork Rating: Extra Risk) (www.shopify.ca; Shares outstanding: 1.2 billion; Market cap: $113.3 billion; No dividends paid) has now completed the sale of its former Shopify Logistics business to Flexport, a global logistics platform. Meanwhile,Flexport will become the preferred logistics… Read More

Ready for a rebound

SHOPIFY, $59.92, remains a buy. The company (Toronto symbol SHOP; TSINetwork Rating: Extra Risk) (www.shopify.ca; Shares o/s: 1.2 billion; Market cap: $76.5 billion; No dividends paid) reported 25.7% higher revenue in the three months ended December 31, 2022, rising to $1.74 billion from $1.38 billion a year earlier.
Even so,… Read More

Short-term challenges won’t derail Shopify

Despite its current challenges, Shopify’s long-term outlook remains sound. The company has been expanding its business in recent years to provide more services for merchants. It has developed point-of-sale hardware for retailers, launched a shopping app for its merchants to list products and created a.. Read More