Shopify reached our target price and the company delivered a blowout quarter after a significant jump in gross merchandise volume (GMV) and revenues crossing the $1 billion threshold for the first time. The company’s positioning at the e-commerce crossroads between companies looking to go online and consumers being forced into online shopping after the impact of the Covid-19 pandemic has resulted in a huge jump in revenues and GMV for Shopify. Its GMV of $42.2 billion, up from $30.1 billion in t ....
30 Jul 2021
Shopify Inc. - Investment Thesis, Key Drivers, Financial & Price Forecasts, DCF Valuation
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Shopify Inc. - Investment Thesis, Key Drivers, Financial & Price Forecasts, DCF Valuation
- Published:
30 Jul 2021 -
Author:
Ishan Majumdar -
Pages:
14
Shopify reached our target price and the company delivered a blowout quarter after a significant jump in gross merchandise volume (GMV) and revenues crossing the $1 billion threshold for the first time. The company’s positioning at the e-commerce crossroads between companies looking to go online and consumers being forced into online shopping after the impact of the Covid-19 pandemic has resulted in a huge jump in revenues and GMV for Shopify. Its GMV of $42.2 billion, up from $30.1 billion in t ....