Sometimes good is just not good enough. Or that seemed to be the investor sentiment following Shopify’s (SHOP) latest quarterly results. The e-commerce platform hit all the right notes in 4Q20, building on the year’s coronavirus driven tailwinds, and posting both top and bottom-line beats. However, investors were left disappointed by the company’s lack of a clearly defined outlook. In the quarter, Shopify reported revenue of $977.74 million, amounting to a 93.6% year-over-year uptick and coming in ahead of the Street’s forecast by $64.42 million. Additionally, Non-GAAP EPS of $1.58 beat the estimates by $0.37. Underpinning the strong growth were excellent showings across a variety of metrics.
https://www.tipranks.com/news/article/shopify-poised-for-further-growth-says-5-star-analyst