Shopify (SHOP) investors saw the stock closing -6.14% the last 5 days, which means it sits at +35.37% YTD.
Let's go through Shopify news for this week together:
2. LIVE VIDEO SHOPPING
3. EARNINGS NEXT WEEK
4. INCREASE STAKE IN GLBE
5. ANALYST CHANGES
LEGEND: Positive News | Neutral News | Negative News
1. 100+ PRODUCT UPDATES
Shopify has announced 100+ product updates this week - and it's a big deal.
Some big updates are:
- Shop App update (more customization)
- One-Page checkout (streamlined and customized)
- 25% better conversion for SFN merchants (more $$$)
The goal of all these changes is two fold - firstly to help merchants on their platform sell more product through Shopify, and secondly, help customers (like us) have a more streamlined and seamless experience when shopping on a Shopify-powered store.
The end result?
Both of these focuses results in more revenue, growth, and ultimately profits for Shopify, which in turn helps investors.
Shopify and Stage TEN announced a partnership to enable live video shopping in the Shop App.
This unlocks a new way to shop - which is suppose to be more realistic, real-time, and more engaging (thus resulting in higher conversion and sales).
This is significant because "live shopping" is suppose to capture 20% of e-commerce sales by 2026, which results in a $1.2T (yes, with a T!) TAM opportunity
Shopify is set to report earnings for Q4 2022 on February 15th.
According to Seeking Alpha, analysts are expecting a EPS of -$0.17 and revenue of $1.65B.
Shopify has had mixed quarters the last 4 reports, and the recent price hikes for their platform are not going to be reflected in this report - however we should get some clarity on the conference call on how their merchants are dealing with the price hikes (more churn, no difference, etc.).
According to a recent SEC filing, Shopify has increased their stake in Global-E ($GLBE) to 20.66 Million shares. This equates to a 12.8% ownership in the company.
This is an increase of 2.6% ownership from Shopify - a power move signaling their believe $GLBE has something special going.
| RATING | PRICE TARGET | FIRM |
| Sell | - | DZ Bank |
We look forward to spending a few minutes with you next Sunday for some new Shopify news!
Disclosure: I am not a Shopify (SHOP) shareholder and I am a Global-E (GLBE) shareholder at the time of publishing.
