Shopify exceeded expectations, but outlook disappointed
-Strong results: Shopify $SHOP recorded $2.81 billion in revenue and total merchandise volume (GMV) reached $94.46 billion.
- Earnings per share: Results showed earnings of 44 cents per share, beating forecasts.
- Negative Outlook: However, the market was concerned about the weaker revenue outlook for the first quarter of 2025.
- Analyst Rating: J.P. Morgan still rates Shopify as Overweight with a $121 price target.
-Stock Volatility:$SHOP stock is up 30% after the latest results, but the new news has raised uncertainty about future margins.