December 13, 2025
Shopify’s stock is expensive, but here’s what one new bull says the skeptics are missing

Shopify’s stock is expensive, but here’s what one new bull says the skeptics are missing

Shopify’s stock is expensive, but here’s what one new bull says the skeptics are missing – MarketWatch

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” : ‘int.’; const loginBaseUrl = LOGIN_URL[pageSiteProduct]; const loginUrl = `https://${loginUrlPrefix}${loginBaseUrl}/google-login`; const targetUrl = new URL(window.location.href); targetUrl.searchParams.set(‘isGaa’, true); fetch(registerEndpoint, { method: ‘POST’, body: JSON.stringify({ id_token: credential?.credential, displayContextId: ‘SOCIAL_CONNECT’, returnUrl: window.location.href.split(‘?’)[0], editionId: `${EDITION_ID[pageSiteProduct]}`, registrationSource: `${REGISTRATION_SOURCE[pageSiteProduct]}` }), headers: { ‘content-type’: ‘application/json’, } }) .then((response) => { if (!response.ok) { console.error(‘GoogleEA: Social Connect Invalid Status Code’); return; } return response.json(); }) .then((userState) => { if (!userState) { console.error(‘GoogleEA: Social Connect No Data’); return; } window.location.href = `${loginUrl}?target=${encodeURIComponent(targetUrl)}`; }) .catch((err) => { console.error(`GoogleEA: Social Connect Err: ${err}`); }); } }; })() ]]]]]]]]>]]]]]]>]]]]>]]>

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The Ratings Game

Published: July 24, 2023 at 8:04 a.m. ET

Shopify is ‘in the early stages of an enterprise inflection,’ SVB MoffettNathanson analyst says

Shopify recently added former Salesforce executive Bret Taylor to its board of directors in a move that one analyst thinks will help its enterprise-sales momentum.

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[]Shopify Inc.’s shares just won an upgrade, even as an analyst acknowledged their “elevated” valuation.

[]Michael Morton of SVB MoffettNathanson boosted his rating on the e-commerce name to outperform from market perform Monday, writing that he expects “an inflection in the business that consensus is currently missing.”

[]Morton said he is upbeat about the company’s opportunities with its enterprise customers, and he said that Wall Street may have been too “distracted” by Shopify’s SHOP, +0.51% SHOP, +0.92% recent misadventures in fulfillment to realize that the company’s Shopify Plus service has become a more compelling offering for enterprise players.

[]See also: Roku stock rockets after company announces Shopify partnership for shoppable TV ads

[]However, Shopify’s product improvements “were not unnoticed by the enterprise market, or the system integrators,” Morton wrote, and adding the company is “in the early stages of an enterprise inflection with preliminary data pointing to increasing traction.”

[]He said he is upbeat about various developments, including that web traffic to the Shopify Plus login page is outstripping that to incumbent enterprise offerings. Additionally, large system integrators have “embraced” Shopify, he said, while independent Shopify agencies are seeing growing interest in the product from bigger enterprise customers.

[]“Individually, these data points are not conclusive, but together they bridge the gap to generate confidence on Shopify’s growing enterprise success,” according to Morris, who lifted his price target on the stock to $76 from $35.

[]Don’t miss: Amazon needs a ‘significant amount of self-help’ to boost its stock, says analyst

[]Plus, Shopify has made two compelling additions to its leadership ranks with former Salesforce Inc. CRM, -1.05% executive Bret Taylor joining the board of directors in June and Bobby Morrison coming on as chief revenue officer last August.

[]“Executive hires are not something we would normally flag as part of an investment thesis, but the recent actions from Shopify are an important breadcrumb leading us to our thesis on enterprise success,” Morris said. Before Taylor hopped onto the board, Shopify lacked a director with enterprise-software experience, but his arrival “should have a pronounced impact on Shopify’s enterprise sales process.”

[]Shares of Shopify were up about 2% in premarket trading Monday.

[]Morton’s upgrade comes after an Evercore ISI analyst weighed in with a more cautious take recently. Mark Mahaney of Evercore downgraded the stock to in-line from outperform a week ago, saying he spotted “few clear catalysts going forward” and calling the name’s risk-reward balance “less compelling” after a near doubling of the share price thus far in 2023.

AMC stock skyrockets on revised stock-conversion settlement plan after Friday’s surprise court setback

[]A judge rejected a settlement Friday that would have given a green light to the deal.

[]Emily Bary is a MarketWatch reporter based in New York.

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