Shopify Shares Down 25% in the Last Two Days Following Q4 Miss
<p><a href='https://financialmodelingprep.com/financial-summary/SHOP'>Shopify Inc. (NYSE:SHOP) </a>shares dropped more than 25% since Tuesday’s close driven by the company’s reported Q4 results, which came in significantly worse than the consensus estimates. EPS was $1.36, missing the Street estimate of $1.58. Revenue was $1.38 billion, compared to the Street estimate of $1.69 billion.</p>
<p>According to the analysts at RBC Capital, the substantial decline in the company’s shares reflects the risk-off environment for software stocks and Shopify’s increasingly greater investments as it scales. Shopify is a growth company with a very large TAM. These investments, while continuing to push out near-term margin expansion, increase the likelihood of greater success in the long term. The analysts lowered their price target on the company’s shares to $1300 from $1450, while reiterating their outperform rating. </p>

NYSE:SHOP