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Business
Dipanjan Banchur

Shopify Dropped 17% in June - Is It Still a Stock to Avoid?

SHOP Shopify Dipanjan BanchurSince Inflation Recession Shopify Inc

Shopify Inc. (SHOP) provides a cloud-based, multi-channel commerce platform for small and medium-sized businesses. The company offers subscription solutions and merchant solutions. Merchants use the company’s software to run their business across their sales channels, including web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces.

SHOP failed to meet analysts’ revenue and earnings estimates in the last quarter. Its EPS and revenue missed the consensus estimates by 69.4% and 2.9%, respectively.

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