Shopify president on Q1 results: Seeing the strongest version of Shopify in our 20-year history
2024 ж. 7 Мам.
26 986 Рет қаралды
Shopify president Harley Finkelstein joins 'Squawk on the Street' to discuss the company's quarterly earnings results, Q2 guidance, strength of the consumer, growth outlook, and more.
keep moving forward shopify
55 and I'm a buyer.
Lol, it's pretty interesting that a company can grow 20% YoY for 5ish years and say.. "Our growth will go down to the high teens.." and the market crushes the company. Companies growing with anything close to 15% YoY is insane.
The market is all about expectations. It isn’t driven purely by results
@@spicy_xinger yep its about future not current/past lol. The market cap doesnt match the growth rate. aka its overvalued!!
Keep yapping I know u hold that bag 😂😂😂😂
@@TuanVu-yl4oe Hold what bag? I’m making an observation. That doesn’t mean I invest in any company. Perfect example of the ignorant people of the market.
@@jackreacher4547 ok retail investor 😂
Shop is steal with this dip to 62. Buy this dip.
I already did, don’t worry
This company had revenues of 1.8 B this quarter and it’s valued at 80 B dollars lol.
don't miss this fantastic buying opportunity. You will regret if you miss this dip.
If it's that good why the insiders of shopify including you are only selling stocks again and again? Maybe your honest assessment of overpriced stock?
Why not mention AI? Aren’t you involved in there? I guess he misses that part which has been very sensitive topic for companies
This guy is incredibly defensive for no reason
Usually companies like these excel in down markets
This isn't a down market. And what do you mean by companies like these? A bet on Shopify is a bet on spending.
People surprised Craigslist like company going down?
Did they forget to say AI
The difference to me is not in these results, but in their attention, whether to smallness or bigness. When he said they power 10% of US e-commerce, that doesn't inspire me to buy. If he had said instead there are many college students who want to start business selling ice cream, but there are no easy ways to do that and we want to give them the tools, that would inspire me to buy the stock, and also the ice cream.
You’re inspired to buy a business that perpetually targets small mom & pop shops? The money is enterprise b2b and that’s where they’re going
yep no story!!!!
Shopify going, going, gone.
The stock is still up 150% in 2 years after this dip
Shopify is on the way out.
What's on the way in then?
Hahaha
@@b.sharp. move your money to something that actually has a good growth rate that is slightly undervalued relative to its market cap. SHOP is massively overvalued.
Yeah wait until it is below 20 usd
This stock is an absolute disaster
These jokers are trying to copy S Jobs so hard "over-deliver" was Job's motto.
Hahaha they are in 100% damage control mode. Look at the PE ratio and the forward PE ratio this thing has a long way down to go if there’s any recession.
LOL Stock literally tanking while he says company is great
Useless stock. Stay away from
Useless stock? The stock has done quite well. Are you referring to the company?
@@b.sharp. stock is still low from its all time high during the pandemic. Growth projection looks bleak. Overall stock price doesn’t justify valuation. Stock price will go down hill from here
@tinukristen4417 you cannot compare stocks to their pandemic highs. We're in a much higher interest rate setting and there's no more free money being handed out to people.
@@b.sharp. problem is not just pandemic high. As I said, other factors like high valuation and low growth rate are concerning. I don’t see any future for this company
@@tinukristen4417 shop has a massive growth rate and is the industry standard. Who do you think is disrupting them? After this massive decline, I don't think the stock is massively overvalued. It deserves a premium. An 8 fwd price/sales ratio isn't outlandish