Section1: Company Overview

Shopify (TSX: SHOP) offers an e-commerce platform primarily to small and midsize businesses. The firm has two segments: subscription solutions and merchant solutions .The subscription solutions segment allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company's website, physical stores, pop-up stores, kiosks, social networks (Facebook), and Amazon. Merchant solutions are add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital. This Report covers the Investment Highlights, Key Financial Metrics, Risks, and Recommendation on the stock.

1.1 The Key Investment Highlights, and Risks

Section2:  Financial Highlights

 2.1 Key Financial Highlights

Section 3:  Stock Recommendation Summary

3.1 Valuation Methodology

3.2 Price Performance and Stock Recommendation

The stock has witnessed an upside of ~32.87% in 1 month and an upside of ~58.86% over the last 3 months. The stock has a 52-week high and 52-week low of CAD 159.55 and CAD 72.36 respectively and is currently trading below the average of 52-week high-low average providing an opportunity to exit, as the prices are approaching the resistance level.  

3.3 One-Year Technical Price Chart

One-Year Technical Price Chart (as of November 12, 2024). Source: REFINITIV, Analysis: Kalkine Group

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, and currency as of November 12, 2024. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

 Note 4: Dividend Yield may vary as per the stock price movement.