Shopify Inc. (NYSE: SHOP) was featured in a recent equity research report published by ROTH Capital Partners LLC. The report reads, “Incremental Merchant solution strength (Shopify Pay and other tools adoption) resulted in 4Q outperformance and a ~230bps re-acceleration in topline growth. Growth rates overall (revenue/metrics) continue to trend lower with additional slowdowns implied in the modestly better FY20 revenue guidance (~1,000bps slowdown at the top end), with incremental growth investments suppressing profits. While we believe SHOP has numerous growth drivers at its disposal, high cost and longer lead times likely don’t drive sustainable growth acceleration (despite healthy fundamentals). Maintain Neutral.”
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About Shopify Inc.
Shopify is a leading global commerce company, providing trusted tools to start, grow, market, and manage a retail business of any size. Shopify makes commerce better for everyone with a platform and services that are engineered for reliability, while delivering a better shopping experience for consumers everywhere. Headquartered in Ottawa, Canada, Shopify powers over one million businesses in more than 175 countries and is trusted by brands such as Allbirds, Gymshark, PepsiCo, Staples and many more. For more information, visit www.shopify.com.
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