I’ll admit, it’s interesting to be known as “the Crocs guy” in […]
In early December, we crowned Shopify the Holiday Shopping winner (based on this data) in a special MegaTrends report to LikeFolio clients.
Clients are already reaping gains: shares have gained +36% in value since then.
Shopify will release 20Q4 results Feb. 17 before the bell.
LikeFolio data shows Shopify demand is holding at extremely high levels, and recurring usage mentions are accelerating (Shop Pay).
Last quarter, Shopify shares fell ~15% in three trading sessions post-earnings release, despite a significant beat. Some attributed this to management's caution on monthly recurring revenue growth rate, and others suggested broad market factors played a role (wrong week to report).
Data supports robust adoption. We are remaining Bullish long-term as Shopify continues to expand its eCommerce prowess.