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Why Is Shopify Stock Down After Earnings?

Shopify stock had an incredible 2023. Can its success continue this year?

By Neil Rozenbaum – Feb 13, 2024 at 10:21AM EST

In this video, I will cover Shopify's (SHOP 3.10%) fourth-quarter earnings report, which beat on the top and bottom lines but wasn't enough to satisfy the market.

*Stock prices used were from the trading day of Feb. 12, 2024. The video was published on Feb. 13, 2024.

Read Next

Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Shopify. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

Stocks Mentioned

Shopify Stock Quote
Shopify
NASDAQ: SHOP
$111.85
(-3.10%)-$3.58

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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