에 대한 최신 뉴스 Shopify (NYSE:SHOP) 주식

Shopify

Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. 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. The merchant solutions segment offers add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.

Broad U.S. Equity ETFs

Education

Specialty ETFs

Tech

ETFs

ADPT

ARKG

ARKK

CDNA

COIN

CRSP

HOOD

IONS

NRIX

NTRA

PATH

PLTR

RBLX

ROKU

RXRX

SHOP

TSLA

TWST

VYCT

캐시 우드가 이끄는 아크 펀드(Ark Funds)는 미래 성장 혁신 분야에 중점을 두고 적극적으로 관리되는 ETF들 덕분에 가장 잘 알려진 펀드 매니저 중 하나이다. 이 펀드의 ETF 두 개가 목요일에 10주년을 맞이했다. 이들 펀드의 출시와 지난 10년 동안의 성과를 살펴보겠다.

캐시 우드의 아크 이노베이션, 지노믹스 ETF가 10주년을 기념: 연간 수익률을 S&amp;P 500과 비교

Large Cap

News

Movers

AFRM

AZPN

CAVA

FTNT

MELI

NTNX

SBUX

이들 10개 대형주는 8월 최고의 성과를 거두었다. 그것들이 당신의 포트폴리오에 있나요? 1. 어펌 홀딩스(NASDAQ:AFRM)의 주식은 8월에 66.58% 상승했다. 이는 강력한 4분기 실적과 긍정적인 1분기 가이던스를 발표한 후 발생한 일이다.

어펌, 쇼피파이 그리고 스타벅스는 8월 최고 성과를 보여준 10개 대형주 중 일부

AXON

KVUE

MSFT

UBER

이들 10개 대형주는 지난주 최고의 성과를 거두었다. 그것들이 당신의 포트폴리오에 있나요? 쇼피파이(NYSE:SHOP)는 강력한 실적 보고서와 2024년 3분기의 낙관적 전망에 따라 주가가 41.15% 상승했다. 몇몇 분석가들은 주식의 목표 주가를 수정했다.

쇼피파이 및 팔란티어는 지난주 최고 성과를 보여준 10개 대형주 중 일부 (8월 4일-8월 10일)

Shopify Inc. Class A Subordinate Voting Shares

Shopify Inc

SHOPX

Sunstone Hotel Investors, Inc. 6.125% Series H Cumulative Redeemable Preferred Stock

Sunstone Hotel Investors Inc

Sunstone Hotel Investors, Inc. 5.70% Series I Cumulative Redeemable Preferred Stock

SHOPIFY CL A SUB VTG ORD

Shopping

SHOPRITE HLDGS LTD S/ADR by Shoprite Holdings Ltd.

Shoprite Holdings Ltd

SHOPRITE HLDGS LTD ORD by Shoprite Holdings Ltd.

Deep-pocketed investors have adopted a bullish approach towards Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in SHOP usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 21 extraordinary options activities for Shopify. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 47% leaning bullish and 47% bearish. Among these notable options, 12 are puts, totaling $489,307, and 9 are calls, amounting to $454,077.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $55.0 and $120.0 for Shopify, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Shopify's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Shopify's significant trades, within a strike price range of $55.0 to $120.0, over the past month.
<h3>Shopify Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730831522_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$5.45</td>
<td>$5.35</td>
<td>$5.45</td>
<td>$85.00</td>
<td>$109.0K</td>
<td>8.4K</td>
<td style="text-align: right;">309</td>
</tr>
<tr>
<td>SHOP</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$10.05</td>
<td>$10.0</td>
<td>$10.05</td>
<td>$85.00</td>
<td>$70.3K</td>
<td>1.7K</td>
<td style="text-align: right;">70</td>
</tr>
<tr>
<td>SHOP</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$9.8</td>
<td>$9.75</td>
<td>$9.8</td>
<td>$85.00</td>
<td>$68.6K</td>
<td>1.7K</td>
<td style="text-align: right;">155</td>
</tr>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$6.7</td>
<td>$6.7</td>
<td>$6.7</td>
<td>$80.00</td>
<td>$67.0K</td>
<td>4.2K</td>
<td style="text-align: right;">249</td>
</tr>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$17.65</td>
<td>$17.5</td>
<td>$17.65</td>
<td>$75.00</td>
<td>$61.7K</td>
<td>343</td>
<td style="text-align: right;">35</td>
</tr>
</tbody>
</table>

<h3>About Shopify</h3>
Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. 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. The merchant solutions segment offers add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.
Having examined the options trading patterns of Shopify, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Current Position of Shopify</h3>
<ul>
<li>With a trading volume of 2,142,848, the price of SHOP is up by 1.3%, reaching $79.46.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 7 days from now.</li>
</ul>
<h3>Expert Opinions on Shopify</h3>
4 market experts have recently issued ratings for this stock, with a consensus target price of $90.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from Scotiabank keeps a Sector Perform rating on Shopify with a target price of $80. 
&#x2A; Maintaining their stance, an analyst from RBC Capital continues to hold a Outperform rating for Shopify, targeting a price of $100. 
&#x2A; An analyst from Loop Capital persists with their Hold rating on Shopify, maintaining a target price of $90. 
&#x2A; Maintaining their stance, an analyst from Baird continues to hold a Outperform rating for Shopify, targeting a price of $90. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Shopify options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Markets

This Is What Whales Are Betting On Shopify

Ark Funds, led by Cathie Wood, is one of the most well-known fund managers thanks to its actively managed ETFs that focus on future growth <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41593922/cathie-woods-ark-invest-sees-tesla-unlocking-11-trillion-revenue-potential-with-rob">areas of innovation.</a>
Two of the fund's ETFs celebrate their 10th anniversaries on Thursday. Here's a look back at the funds' launch and how they've performed over the last 10 years.
Ark Innovation: Wood and<a href="https://www.benzinga.com/topic/ark-funds"> Ark Funds launched</a> the Ark Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) on Oct. 31, 2014. The fund has grown to become the most well-known and largest of the company's funds, with $5.78 billion in assets under management.
"ARRK is an actively managed ETF that seeks long-term growth of capital by investing under normal circumstances primarily in domestic and foreign equity securities of companies that are relevant to the Fund's investment theme of disruptive innovation," the company's <a href="https://www.ark-funds.com/funds/arkk">website </a>says.
Disruptive innovation themes include autonomous mobility, precision therapies, next gen cloud, neural networks, intelligent devices, digital wallets, digital assets, smart contracts and multiomic technologies, according to the company.
"ARK defines ‘disruptive innovation' as the introduction of a technologically enabled new product or service that potentially challenges the way the world works."
Here are the current top 10 holdings in the ARKK ETF and their percent of net assets:
<ol>
<li>Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>): 14.1%</li>
<li>Roku Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>): 10.8%</li>
<li>Coinbase Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>): 8.1%</li>
<li>Roblox Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>): 6.2%</li>
<li>Palantir Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>): 5.1%</li>
<li>Robinhood Markets (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>): 5.0%</li>
<li>Block Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>): 4.9%</li>
<li>CRISPR Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRSP#NASDAQ">CRSP</a>): 4.5%</li>
<li>Shopify Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>): 3.9%</li>
<li>UiPath Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PATH#NYSE">PATH</a>): 2.9%</li>
</ol>
Since the fund's inception, the ETF is up 161.4%. This return trails the current 10-year return of the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), which tracks the S&amp;P 500.
Here's a look at how the returns of ARKK stack up against SPY, which is the <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/10/41407647/spy-reaches-600-billion-in-assets-oldest-us-etf-hits-milestone-as-all-time-highs-conti">oldest and largest </a>U.S. ETF, over time:
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Average Annual Returns</td>
<td>ARKK</td>
<td>SPY</td>
</tr>
<tr>
<td>1-Year</td>
<td>+19.9%</td>
<td>+36.2% </td>
</tr>
<tr>
<td>3-Year</td>
<td>-24.3%</td>
<td>+11.8%</td>
</tr>
<tr>
<td>5-Year</td>
<td>+2.6% </td>
<td>+15.8%</td>
</tr>
<tr>
<td>Since ARKK Inception 10/31/14</td>
<td>+10.2%</td>
<td>+13.2% </td>
</tr>
</tbody>
</table>
</figure>
The chart below from <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent103124&amp;t=be2bearmibe3na1">Benzinga Pro </a>shows the 10-year return of ARKK.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent103124&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="1003" height="513" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/31133929/Screenshot-224.png" alt="" class="wp-image-624517" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/31133929/Screenshot-224.png 1003w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/31133929/Screenshot-224-300x153.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/31133929/Screenshot-224-768x393.png 768w" sizes="(max-width: 1003px) 100vw, 1003px" /></a></figure>
For comparison, here is the 10-year chart of the SPY. 
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent103124&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="995" height="508" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/31134001/Screenshot-226.png" alt="" class="wp-image-624522" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/31134001/Screenshot-226.png 995w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/31134001/Screenshot-226-300x153.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/31134001/Screenshot-226-768x392.png 768w" sizes="(max-width: 995px) 100vw, 995px" /></a></figure>
Read Next: <a href="https://www.benzinga.com/markets/penny-stocks/23/08/34102486/exclusive-cathie-wood-tells-benzinga-why-tesla-should-trade-as-a-tech-stock">EXCLUSIVE: Cathie Wood Tells Benzinga Why Tesla Should Trade As A Tech Stock</a>
ARK Genomic: The Ark Genomic Revolution ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKG#BATS">ARKG</a>) was also launched by Ark Funds on Oct. 31, 2014. The fund currently has $1.33 billion in assets under management.
"ARKG is an actively managed ETF that seeks long-term growth of capital by investing under normal circumstances primarily in domestic and foreign equity securities of companies across multiple sectors, including health care, information technology, materials, energy, and consumer discretionary, that are relevant to the Fund's investment theme of the genomics revolution," the company's <a href="https://www.ark-funds.com/funds/arkg">website </a>says.
Themes for the genomics ETF include precision therapies, multiomic technologies, programmable biology, neural networks, next gen cloud and adaptive robotics, according to the company.
Here are the current top 10 holdings in the ARKG ETF and their percent of net assets:
<ol>
<li>Twist Biosciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWST#NASDAQ">TWST</a>): 8.7%</li>
<li>Recursion Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RXRX#NASDAQ">RXRX</a>): 7.0%</li>
<li>CRISPR Therapeutics: 7.0%</li>
<li>CareDx (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNA#NASDAQ">CDNA</a>): 5.1%</li>
<li>Adaptive Biotechnologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADPT#NASDAQ">ADPT</a>): 4.7%</li>
<li>Veracyte Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VYCT#NASDAQ">VYCT</a>): 4.6%</li>
<li>Ionis Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IONS#NASDAQ">IONS</a>): 4.3%</li>
<li>Nurix Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NRIX#NASDAQ">NRIX</a>): 4.1%</li>
<li>Natera Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRA#NASDAQ">NTRA</a>): 3.8%</li>
<li>10x Genomics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXG#NASDAQ">TXG</a>): 3.8%</li>
</ol>
Since the fund's inception, the ETF is up 38.9%. This return trails the current 10-year return of the SPDR S&amp;P 500 ETF Trust.
Here's a look at how the returns of ARKG stack up against SPY over time. &nbsp;
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Average Annual Returns</td>
<td>ARKG</td>
<td>SPY</td>
</tr>
<tr>
<td>1-Year</td>
<td>-7.9% </td>
<td>+36.2%</td>
</tr>
<tr>
<td>3-Year</td>
<td>-29.9%</td>
<td>+11.8% </td>
</tr>
<tr>
<td>5-Year</td>
<td>-1.9% </td>
<td>+15.8% </td>
</tr>
<tr>
<td>Since ARKG inception 10/31/14</td>
<td>+3.3%</td>
<td>+13.2%</td>
</tr>
</tbody>
</table>
</figure>
Here is the 10-year chart of ARKG. 
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent103124&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="993" height="510" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/31134031/Screenshot-225.png" alt="" class="wp-image-624525" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/31134031/Screenshot-225.png 993w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/31134031/Screenshot-225-300x154.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/31134031/Screenshot-225-768x394.png 768w" sizes="(max-width: 993px) 100vw, 993px" /></a></figure>
Why It's Important: The charts above show that ARKK and ARKG both experiences several years of strong growth and returns for investors, but have underperformed the broader S&amp;P 500 market index in recent years.
The ETFs were once among the most talked about funds, and the company&#8217;s daily trading activity often moved stocks higher, given Wood's outperformance years ago.
While the S&amp;P 500 ETF rebalances quarterly, the actively managed funds complete trades almost every day. Often, the average cost of shares rises over time for stocks that are going up, potentially hurting the gains.
Ark Funds typically invests in companies that it believes will have strong growth over the next five to ten years, which means the funds&#8217; returns can sometimes take years to pay off.
Wood has been early to many themes, including buying shares of NVIDIA Corporation for around $5 in 2014, before the most recent stock split. The fund later sold out of its position in late 2022 and early 2023 and<a href="https://www.benzinga.com/general/education/24/02/37294405/heres-how-much-cathie-wood-ark-invest-flagship-fund-missed-by-selling-nvidia-early"> missed out on huge gains </a>over the last nearly two years.
The fund manager was also early in the Tesla growth story, <a href="https://www.benzinga.com/news/22/03/26046331/if-you-invested-1-000-in-tesla-when-cathie-wood-made-her-4-000-prediction-heres-how-much-youd-have-n-1" target="_blank" rel="noopener">predicting a $4,000 price target</a> for the electric vehicle company back in February 2018. While Wood was laughed at for the price prediction at the time, the stock would hit the target on a split-adjusted basis in January 2021.
Getting the Tesla prediction right helped elevate Wood's status as a fund manager and led to increased interest in the Ark Funds ETFs.
Although interest in Ark Funds ETFs may have cooled in recent years, many investors still recall their impact and continue to track daily trading activity, watching closely which stocks Wood selects to hold for the next five to 10 years.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/23/08/34028505/exclusive-why-does-cathie-wood-think-bitcoin-is-going-to-1-million-what-does-she-know-that">EXCLUSIVE: Why Does Cathie Wood Think Bitcoin Is Going To $1 Million — What Does She Know That We Don&#8217;t?</a></li>
</ul>
Image courtesy of Ark Invest and Shutterstock.

Cathie Wood's Ark Innovation, Genomic ETFs Celebrate 10 Years: How Annual Returns Stack Up Against S&P 500

Deep-pocketed investors have adopted a bullish approach towards Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in SHOP usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 18 extraordinary options activities for Shopify. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 44% leaning bullish and 38% bearish. Among these notable options, 5 are puts, totaling $187,170, and 13 are calls, amounting to $692,345.
<h3>What's The Price Target?</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $60.0 to $100.0 for Shopify over the last 3 months. 
<h3>Volume &amp; Open Interest Trends</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Shopify's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Shopify's significant trades, within a strike price range of $60.0 to $100.0, over the past month.
<h3>Shopify Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730146526_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$4.6</td>
<td>$4.55</td>
<td>$4.6</td>
<td>$82.00</td>
<td>$127.4K</td>
<td>220</td>
<td style="text-align: right;">311</td>
</tr>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$15.35</td>
<td>$15.25</td>
<td>$15.35</td>
<td>$80.00</td>
<td>$85.9K</td>
<td>576</td>
<td style="text-align: right;">57</td>
</tr>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$5.5</td>
<td>$5.45</td>
<td>$5.5</td>
<td>$95.00</td>
<td>$55.5K</td>
<td>1.0K</td>
<td style="text-align: right;">301</td>
</tr>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$5.55</td>
<td>$5.5</td>
<td>$5.5</td>
<td>$95.00</td>
<td>$55.0K</td>
<td>1.0K</td>
<td style="text-align: right;">501</td>
</tr>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$5.55</td>
<td>$5.5</td>
<td>$5.5</td>
<td>$95.00</td>
<td>$55.0K</td>
<td>1.0K</td>
<td style="text-align: right;">401</td>
</tr>
</tbody>
</table>

<h3>About Shopify</h3>
Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. 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. The merchant solutions segment offers add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.
After a thorough review of the options trading surrounding Shopify, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Present Market Standing of Shopify</h3>
<ul>
<li>With a volume of 3,238,291, the price of SHOP is up 1.04% at $79.87. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 15 days.</li>
</ul>
<h3>What Analysts Are Saying About Shopify</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $88.6.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Baird has decided to maintain their Outperform rating on Shopify, which currently sits at a price target of $90. 
&#x2A; An analyst from Citigroup persists with their Buy rating on Shopify, maintaining a target price of $103. 
&#x2A; Maintaining their stance, an analyst from Scotiabank continues to hold a Sector Perform rating for Shopify, targeting a price of $80. 
&#x2A; An analyst from RBC Capital has decided to maintain their Outperform rating on Shopify, which currently sits at a price target of $100. 
&#x2A; An analyst from Barclays has decided to maintain their Equal-Weight rating on Shopify, which currently sits at a price target of $70. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Shopify with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Decoding Shopify's Options Activity: What's the Big Picture?

Scotiabank analyst Kevin Krishnaratne maintains Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) with a Sector Perform and raises the price target from $75 to $80.

Price Target

Analyst Ratings

Scotiabank Maintains Sector Perform on Shopify, Raises Price Target to $80

Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) has outperformed the market over the past 5 years by 7.08% on an annualized basis producing an average annual return of 20.96%. Currently, Shopify has a market capitalization of $104.44 billion. 
Buying $1000 In SHOP: If an investor had bought $1000 of SHOP stock 5 years ago, it would be worth $2,490.55 today based on a price of $80.94 for SHOP at the time of writing.
<h3>Shopify's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729693816_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

Here's How Much You Would Have Made Owning Shopify Stock In The Last 5 Years

<a href="https://www.theinformation.com/articles/sheins-rocky-financial-performance-complicates-ipo-plans" title="https://www.theinformation.com/articles/sheins-rocky-financial-performance-complicates-ipo-plans">https://www.theinformation.com/articles/sheins-rocky-financial-performance-complicates-ipo-plans</a>

AMZN

Citigourp Global Markets 2% Protected Notes Linked To The Djia

Shein Faces Challenges In IPO Plans Amid Regulatory Scrutiny And Slowing Growth; H1 Revenue Rises 23% To $18B, Down From 40% Growth Last Year, While Profit Drops Over 70% To Below $400M Due To Increased Competition From Temu

As Amazon prepares to launch a new low-price storefront to combat Temu, it's imposing severe price caps on what merchants can charge for their wares on the outlet, including an $8 limit for jewelry, $9 for bedding sets, $13 for guitars and $20 for sofas, according to messages from Amazon to merchants seen by The Information. The price caps ensure that Amazon's new storefront site is competitive with the bargain-basement prices on Temu, the two-year-old site owned by PDD Holdings whose success has forced Amazon to rethink how it runs its e-commerce business. It is a significant departure for Amazon, which hasn't historically set hard-and-fast price limits for merchants selling on its service.
<a href="https://www.theinformation.com/articles/amazon-sets-rock-bottom-pricing-plans-for-new-temu-rival-store" title="https://www.theinformation.com/articles/amazon-sets-rock-bottom-pricing-plans-for-new-temu-rival-store">https://www.theinformation.com/articles/amazon-sets-rock-bottom-pricing-plans-for-new-temu-rival-store</a>

'Amazon Sets Rock-Bottom Pricing Plans for New Temu Rival Store' - The Information

RBC Capital analyst Paul Treiber maintains Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) with a Outperform and raises the price target from $85 to $100.

RBC Capital Maintains Outperform on Shopify, Raises Price Target to $100

"Partying hasn&#8217;t gone down. Stress and anxiety have not diminished, especially with this upcoming election. But the beverages consumers are reaching for have changed, and they&#8217;re seeking alternatives," Diana Eberlein, chair at the Cannabis Beverage Association kicked off the discussion at the recent <a href="https://www.benzinga.com/events/cannabis-conference/" target="_blank" rel="noreferrer noopener">Benzinga Cannabis Capital Conference in Chicago.</a>
"Hemp-derived THC beverages are playing nicely in the same sandbox as alcohol, while they&#8217;re also developing strategies to be the gateway for other cannabis products and supporting the dispensary channel, so everybody in here wins," Eberlein added.
She moderated the panel titled "Adapting Beverage Distribution for Cannadrinks: Time-Proven Strategies To Drive Success," hosting experts in the space such as Drea Groeschel, CEO of Better Than Booze; Aaron Nosbisch, founder and CEO of BRĒZ; Brandon Harshbarger; president of Cheech and Chong Global Holdings; and Ben Meggs, CEO and co-founder of Bayou City Hemp.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/10/41335766/cannabis-rescheduling-and-credit-risk-what-industry-insiders-are-saying">Cannabis Rescheduling And Credit Risk: What Industry Insiders Are Saying</a>
<ul>
<li>Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter <a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. If you're serious about the business, you can't afford to miss out.</li>
</ul>
<h2 class="wp-block-heading">THC Beverages To Save The Alcohol Industry</h2>
Nosbisch highlighted that cannabis is not the only industry that is struggling, as alcohol sales are going down dramatically. According to him, one of the categories poised for growth are cannabis or hemp beverages that people are just starting to understand, to realize that "this is not really like an edible. This is not really like smoking. This is comparable in many ways to alcohol due to nano-emulsion and the fast acting aspect."
The times have changed, added Nosbisch pointing out that "the majority of alcohol [industry] sees cannabis beverages and hemp beverages as one of the biggest, if not the biggest prospect for the future of the alcohol industry."
He added that it is important to understand that the hemp industry is not anti-alcohol, but is anti-alcohol abuse, just like the alcohol industry is. 
"And alcohol has done so much for society that has been good as well. And so it&#8217;s, it&#8217;s cool to kind of have them evolve while we evolve as well," he said.
<h2 class="wp-block-heading">The Importance Of Various Formats And Dosages</h2>
Better Than Booze's Groeschel talked about the importance of having various formats and not only the dosages to provide "various avenues for the consumer to consume – the type of product that they desire."
"It&#8217;s a really exciting time," she said. "I think the distributors are leaning towards the five and 10 milligram products. That seems to be the higher-velocity products on retail shelves."
Groeschel added that Better Than Booze also offers a two milligram, which is a great option for those looking for a lightweight alcohol and THC, and those who are curious to try it. "It also allows people to have multiple servings in one session at like a music venue or a restaurant. So it makes it more of a social beverage too."
President at Cheech and Chong Global Holdings, Harshbarger highlighted how "the hemp market has actually created a low dose market," and regulated market never did that.
Bayou City Hemp's Meggs highlighted how the times have changed – and while once it was amazing to see 10 beverages at a dispensary, now it's possible to see more than 300 SKUs (stock keeping unit) on the shelves. He believes that when grocery stores join in a big way, we are going to see even lower dose, the micro dose.
Groeschel noted that the conversation on hemp versus cannabis "is really a dosage conversation."
<h2 class="wp-block-heading">Cannabis Destigmatization</h2>
For Nosbisch, the hemp industry does an amazing job at destigmatizing cannabis and THC, because people are very familiar with this format and with alcohol. "There&#8217;s something just not that intimidating about a beverage, even like a five-milligram drink," he said adding that someone can only take a few sips of it and feel it out, they don't have to wait for a long time for it to act, or smoke it and create odor.
"Regardless of how much you love cannabis or not, the reality is that this is a, just a very convenient, clean and easy way to get people to try it." he said adding that the world has changed dramatically. "I mean, there&#8217;s a lot of people drinking these beverages now and that, that I can feel the stigma just like evaporating in real time."
<h2 class="wp-block-heading">Direct-To-Consumer Approach</h2>
Nosbisch talked about direct-to-consumer approach, which is e-commerce. He explained that the majority of the hemp industry has been built through the direct to consumer channel, and probably 80% of revenue in hemp is there.
"Thankfully, the hemp industry is starting to get really formally organized and create standardized practices that we can all implement that ensure things like 21 plus age gating validation of IDs before purchase," he noted.
Now, thanks to Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>), which fully supports the hemp industry and X advertising, "there is a massive opportunity to build a successful brand."
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/10/41317886/exclusive-emotional-connection-with-consumers-is-secret-sauce-for-any-brand-to-prosper-its-same-">EXCLUSIVE: Tracking Every Cannabis Deal Is ‘A Lot Of Fun,' Says Financial Expert Behind Essential Investor Tool</a></li>
</ul>
Photo by Wendy Davis

Cannabis

Events

Exclusives

THC Beverages Could Revive Struggling Alcohol Industry, Expert Says: 'Partying, Stress And Anxiety Haven't Diminished'

Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) has outperformed the market over the past 15 years by 7.83% on an annualized basis producing an average annual return of 19.69%. Currently, Shopify has a market capitalization of $104.78 billion. 
Buying $1000 In SHOP: If an investor had bought $1000 of SHOP stock 15 years ago, it would be worth $14,964.08 today based on a price of $81.20 for SHOP at the time of writing.
<h3>Shopify's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729004429_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Shopify 15 Years Ago Would Be Worth Today

Deep-pocketed investors have adopted a bullish approach towards Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in SHOP usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 17 extraordinary options activities for Shopify. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 70% leaning bullish and 29% bearish. Among these notable options, 7 are puts, totaling $306,621, and 10 are calls, amounting to $633,077.
<h3>Projected Price Targets</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $40.0 to $110.0 for Shopify over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Shopify stands at 1946.43, with a total volume reaching 1,045.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Shopify, situated within the strike price corridor from $40.0 to $110.0, throughout the last 30 days.
<h3>Shopify Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728935131_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$24.75</td>
<td>$24.6</td>
<td>$24.6</td>
<td>$60.00</td>
<td>$150.0K</td>
<td>741</td>
<td style="text-align: right;">87</td>
</tr>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$43.95</td>
<td>$43.5</td>
<td>$43.64</td>
<td>$40.00</td>
<td>$109.1K</td>
<td>3.7K</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$12.45</td>
<td>$12.4</td>
<td>$12.4</td>
<td>$75.00</td>
<td>$101.9K</td>
<td>3.0K</td>
<td style="text-align: right;">102</td>
</tr>
<tr>
<td>SHOP</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$19.8</td>
<td>$19.6</td>
<td>$19.6</td>
<td>$95.00</td>
<td>$82.3K</td>
<td>14</td>
<td style="text-align: right;">21</td>
</tr>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$5.35</td>
<td>$5.3</td>
<td>$5.35</td>
<td>$90.00</td>
<td>$72.7K</td>
<td>3.6K</td>
<td style="text-align: right;">152</td>
</tr>
</tbody>
</table>

<h3>About Shopify</h3>
Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. 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. The merchant solutions segment offers add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.
Following our analysis of the options activities associated with Shopify, we pivot to a closer look at the company's own performance.
<h3>Shopify's Current Market Status</h3>
<ul>
<li>With a trading volume of 2,957,253, the price of SHOP is up by 0.52%, reaching $83.67.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 17 days from now.</li>
</ul>
<h3>Expert Opinions on Shopify</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $79.8.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from Baird continues to hold a Outperform rating for Shopify, targeting a price of $90. 
&#x2A; An analyst from Barclays persists with their Equal-Weight rating on Shopify, maintaining a target price of $70. 
&#x2A; An analyst from Cantor Fitzgerald downgraded its action to Neutral with a price target of $70. 
&#x2A; An analyst from Redburn Atlantic has elevated its stance to Buy, setting a new price target at $99. 
&#x2A; In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Neutral, setting a price target of $70. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Shopify options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Looking At Shopify's Recent Unusual Options Activity

Whales with a lot of money to spend have taken a noticeably bullish stance on Shopify.
Looking at options history for Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) we detected 17 trades.
If we consider the specifics of each trade, it is accurate to state that 47% of the investors opened trades with bullish expectations and 47% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $226,195 and 12, calls, for a total amount of $871,724.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $40.0 and $130.0 for Shopify, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Shopify's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Shopify's whale activity within a strike price range from $40.0 to $130.0 in the last 30 days. 
<h3>Shopify Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728492335_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$6.85</td>
<td>$6.55</td>
<td>$6.85</td>
<td>$105.00</td>
<td>$275.3K</td>
<td>3.5K</td>
<td style="text-align: right;">564</td>
</tr>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$7.0</td>
<td>$6.7</td>
<td>$6.85</td>
<td>$105.00</td>
<td>$106.8K</td>
<td>3.5K</td>
<td style="text-align: right;">157</td>
</tr>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$6.4</td>
<td>$6.25</td>
<td>$6.4</td>
<td>$130.00</td>
<td>$106.2K</td>
<td>286</td>
<td style="text-align: right;">175</td>
</tr>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$4.8</td>
<td>$4.65</td>
<td>$4.65</td>
<td>$80.00</td>
<td>$93.0K</td>
<td>11.0K</td>
<td style="text-align: right;">323</td>
</tr>
<tr>
<td>SHOP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$5.8</td>
<td>$5.75</td>
<td>$5.75</td>
<td>$80.00</td>
<td>$82.2K</td>
<td>3.4K</td>
<td style="text-align: right;">178</td>
</tr>
</tbody>
</table>

<h3>About Shopify</h3>
Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. 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. The merchant solutions segment offers add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.
<h3>Current Position of Shopify</h3>
<ul>
<li>Trading volume stands at 2,237,558, with SHOP's price up by 1.51%, positioned at $83.83.</li>
<li>RSI indicators show the stock to be may be overbought.</li>
<li>Earnings announcement expected in 22 days.</li>
</ul>
<h3>Professional Analyst Ratings for Shopify</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $78.6.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Neutral, setting a price target of $70. 
&#x2A; In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Neutral, setting a price target of $70. 
&#x2A; Reflecting concerns, an analyst from JMP Securities lowers its rating to Market Outperform with a new price target of $80. 
&#x2A; Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on Shopify with a target price of $103. 
&#x2A; An analyst from Barclays persists with their Equal-Weight rating on Shopify, maintaining a target price of $70. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Shopify, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Shopify Unusual Options Activity For October 09

Loop Capital analyst Anthony Chukumba maintains Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) with a Hold and raises the price target from $80 to $90.

Loop Capital Maintains Hold on Shopify, Raises Price Target to $90

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Needham raised Reddit, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) price target from $75 to $85. Needham analyst Laura Martin maintained a Buy rating. Reddit shares gained 0.5% to close at $70.77 on Tuesday. <a href="https://www.benzinga.com/quote/RDDT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>HC Wainwright &amp; Co raised the price target for Cytokinetics, Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYTK#NASDAQ">CYTK</a>) from $90 to $120. HC Wainwright &amp; Co. analyst Joseph Pantginis maintained a Buy rating. Cytokinetics shares fell 2.1% to close at $54.33 on Tuesday. <a href="https://www.benzinga.com/quote/CYTK/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird cut the price target for Sage Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAGE#NASDAQ">SAGE</a>) from $13 to $9. Baird analyst Joel Beatty maintained a Neutral rating. Sage Therapeutics shares fell 4.3% to close at $6.43 on Tuesday. <a href="https://www.benzinga.com/quote/SAGE/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Baird boosted Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) price target from $79 to $90. Baird analyst Colin Sebastian maintained an Outperform rating. Shopify shares gained 2.1% to close at $82.58 on Tuesday. <a href="https://www.benzinga.com/quote/SHOP/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Deutsche Bank boosted Netflix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) price target from $590 to $650. Deutsche Bank analyst Bryan Kraft maintained a Hold rating. Netflix shares gained 2.8% to close at $721.76 on Tuesday. <a href="https://www.benzinga.com/quote/NFLX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Loop Capital raised The Home Depot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) price target from $360 to $460. Loop Capital analyst Laura Champine upgraded the stock from Hold to Buy. Home Depot shares gained 1.5% to close at $414.18 on Tuesday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley increased the price target for Ciena Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) from $60 to $63. Morgan Stanley analyst Meta Marshall maintained an Overweight rating. Ciena rose 2.6% to close at $65.25 on Tuesday. <a href="https://www.benzinga.com/quote/CIEN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley raised S&amp;P Global Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPGI#NYSE">SPGI</a>) price target from $564 to $570. Morgan Stanley analyst Toni Kaplan maintained an Overweight rating. S&amp;P Global shares gained 2.4% to close at $518.35 on Tuesday. <a href="https://www.benzinga.com/quote/SPGI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JMP Securities raised the price target for Blue Owl Capital Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OWL#NYSE">OWL</a>) from $24 to $25. JMP Securities analyst Brian McKenna maintained a Market Outperform rating. Blue Owl Capital shares fell 1.8% to close at $20.35 on Tuesday. <a href="https://www.benzinga.com/quote/OWL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Baird boosted Genpact Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/G#NYSE">G</a>) price target from $38 to $44. Baird analyst David Koning maintained a Neutral rating. Genpact shares fell 1.6% to close at $38.92 on Tuesday. <a href="https://www.benzinga.com/quote/G/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying NFLX stock? Here&#8217;s what analysts think:
<figure class="wp-block-image is-resized"><img decoding="async" src="blob:https://editorial.benzinga.com/e01feb48-33dc-4d9a-8aab-90248ce8208f" alt="" style="width:557px;height:auto" /></figure>
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Netflix To $650? Here Are 10 Top Analyst Forecasts For Wednesday

Cathie Wood, the founder and CEO of ARK Investment Management, is again making waves with her investment decisions regarding Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>).
What Happened: Known for her high-risk, high-reward strategy, Wood&#8217;s latest moves have ignited a debate: Is her confidence in Amazon a signal of the tech giant&#8217;s impending turnaround, or is it another potentially ill-fated gamble?
Wood&#8217;s Amazon Purchases Over The Last Few Months
Wood has been steadily increasing ARK&#8217;s stake in Amazon over the past few months:
<ul>
<li>On Tuesday, she <a href="https://www.benzinga.com/markets/equities/24/10/41242937/cathie-woods-ark-invest-trades-bets-14m-on-amazon-shares-dumps-robinhood-stock-worth-36m-embrace">acquired 76,505 shares for $13.98 million</a> through the flagship ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>).</li>
<li>Last month, she bought 22,143 shares through the ARKQ ETF.</li>
<li>In August, she purchased 187,843 shares across five ARK ETFs.</li>
</ul>
The Bull Case For Amazon
Earlier it was <a href="https://fortune.com/2024/08/08/cathie-wood-tech-stocks-amazon-meta-tesla-market-investing-finance/">reported</a> that Wood is attempting to recover from recent market downturns by purchasing shares in tech companies that have seen significant declines
Her investment strategy appears to be pivoting toward companies with long-term reliability and diversified growth potential.
Amazon fits this bill, particularly due to its cloud services division, Amazon Web Services, or AWS.
In its latest earnings report released in August, Amazon announced that AWS posted a <a href="https://www.benzinga.com/news/earnings/24/08/40114662/amazon-q2-earnings-highlights-revenue-miss-eps-beat-q3-guidance-and-more">19% growth</a>.
See Also: <a href="https://www.benzinga.com/markets/equities/24/10/41200165/cathie-wood-predicts-trillion-dollar-revenue-opportunity-for-tesla-in-autonomous-vehicles-winner">Cathie Wood Predicts Trillion Dollar Revenue Opportunity For Tesla In Autonomous Vehicles: &#8216;Winner-Takes-Most&#8217; In AI And Driving Tech</a>
Challenges On The Horizon
Amazon is currently facing an FTC investigation into alleged anti-competitive practices. On Monday, a judge&#8217;s ruling allowed antitrust <a href="https://www.benzinga.com/news/24/10/41216248/amazon-stock-is-sliding-monday-whats-going-on">lawsuits against Amazon to proceed</a>.
The e-commerce landscape is also becoming increasingly crowded, with both established players and emerging platforms vying for market share.
Wood is also an investor in Amazon's rival Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>).
Amazon currently has a market capitalization of $1.917 trillion, making it the fifth most valuable listed company in the world.
From the end of August till date, Amazon&#8217;s stock has gained 2.36%, slightly underperforming the broader Nasdaq index, which gained 2.65%.
Opinions Are divided On Wood&#8217;s Investment
Optimists view it as a strategic move that could pay off handsomely if AWS continues its strong performance and Amazon successfully navigates its challenges.
However, Wells Fargo has already <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41234873/amazon-stock-downgrade-by-wells-fargo-a-bearish-signal-on-growth-concerns">downgraded Amazon&#8217;s rating</a> from Overweight to Equal-Weight, pointing to slowing growth and increased competition as the reasons for the adjustment.
Skeptics point to Wood&#8217;s track record of high-profile investments that haven&#8217;t always yielded positive results. Remember when Jim Cramer, who has often been the target of numerous jokes, called Wood the "kiss of death" in 2022?
"She could be right, she could be wrong," George Kailas, CEO of Prospero.ai, a fintech investment platform told Fortune in August. "She's definitely been both in the last couple of years."
Earlier this year in July, Wood defended the ARK Innovation ETF, which has experienced significant volatility.
At the time, in a letter to investors, Wood acknowledged challenges due to the macro environment and stock selections but reaffirmed her commitment to investing in disruptive innovation.
"Exiting our strategies now would crystallize losses that lower interest rates and reversions to the mean should transform into meaningful profits during the next few years," she wrote, adding, "We are resolute."
Price Action: Since the year began, ARKK has fallen almost 11% while Amazon&#8217;s stock has shot up 20.26% in the same period. The stock of the Andy Jassy-led company has fluctuated between a 52-week high of $201.20 and a 52-week low of $118.35, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/09/40994536/cathie-woods-ark-invest-buys-4-5m-of-paypal-and-3-5m-of-pinterest-shares-sells-own-bitcoin-etf-a">Cathie Wood&#8217;s Ark Invest Buys $4.5M Of PayPal And $3.5M Of Pinterest Shares, Sells Own Bitcoin ETF Amid Crypto Surge, And Continues Offloading Palantir</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors

Cathie Wood's Amazon Bet: From 'Kiss Of Death' To Bold Investment — Is She Right This Time?

Baird analyst Colin Sebastian maintains Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) with a Outperform and raises the price target from $79 to $90.

Baird Maintains Outperform on Shopify, Raises Price Target to $90

Jim Cramer just reaffirmed his bullish stance on Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>), and the timing couldn't be more perfect. The stock has just formed a Golden Cross, a powerful technical indicator that suggests brighter days ahead for <a href="https://www.benzinga.com/quote/SHOP/news">the e-commerce giant.</a>
For those unfamiliar, a Golden Cross occurs when a stock's short-term moving average crosses above its long-term moving average—a classic sign that the bulls are ready to charge.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="625" height="456" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/08102357/Screenshot-2024-10-08-at-6.01.47-PM.png" alt="" class="wp-image-585793" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/08102357/Screenshot-2024-10-08-at-6.01.47-PM.png 625w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/08102357/Screenshot-2024-10-08-at-6.01.47-PM-300x219.png 300w" sizes="(max-width: 625px) 100vw, 625px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100824&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Chart created using Benzinga Pro</a>
In a recent segment on CNBC&#8217;s Mad Money, Cramer didn't mince words. &#8220;I think Shopify is at a great level to buy. Harvey Finkelstein is doing a terrific job, and the stock should be perfect,&#8221; <a href="https://www.insidermonkey.com/blog/jim-cramer-recommends-buying-shopify-shop-thinks-management-is-doing-terrific-job-1368733/">he</a> said.
This comes as no surprise, given Shopify's strong performance. Over the past month, the stock has soared 20.56%; year-to-date it&#8217;s up 11.26%. But what's even more impressive is its 53.50% rise in the past year.
Read Also: <a href="https://www.benzinga.com//node/41206375">Jim Cramer: AST SpaceMobile Is &#8216;Just Too Hot,&#8217; Recommends Buying This Tech Stock</a>
<h2 class="wp-block-heading">Shopify Stock Has Made A Golden Cross</h2>
Traders and analysts are buzzing about Shopify&#8217;s current stock performance.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="625" height="456" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/08102819/Screenshot-2024-10-08-at-6.02.18-PM.png" alt="" class="wp-image-585803" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/08102819/Screenshot-2024-10-08-at-6.02.18-PM.png 625w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/08102819/Screenshot-2024-10-08-at-6.02.18-PM-300x219.png 300w" sizes="(max-width: 625px) 100vw, 625px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100824&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Chart created using Benzinga Pro</a>
With Shopify&#8217;s stock price sitting at $80.86, it&#8217;s comfortably above its 50-day simple moving average of $72.34 and its 200-day moving average of $71.82. Combined with its eight-day and 20-day averages, these indicators also show bullish signals and strongly suggest that the momentum is on Shopify's side.
Even Wall Street is heaping praise on Shopify. Goldman Sachs <a href="https://www.benzinga.com/quote/SHOP/analyst-ratings" target="_blank" rel="noopener">recently upgraded Shopify</a> to a Buy, while JPMorgan and BofA have also endorsed the stock, citing its product breadth, ease of use, and scale as key advantages.
<h2 class="wp-block-heading">Shopify&#8217;s Q2 Knocked It Out of the Park</h2>
If you're wondering why analysts and investors are so bullish, look at Shopify's stunning Q2 results. Free cash flow skyrocketed by 240% to $333 million, while revenue jumped by 21% year-over-year. Even though GMV growth slowed slightly, the company still raked in a massive $67.2 billion in gross merchandise volume.
With third-quarter revenue expected to grow in the low-to-mid 20% range, it's no wonder Shopify is being touted as a &#8220;best of breed&#8221; stock. Sure, the forward P/E ratio is hovering near 60, but with EPS growth expectations of 43%, Shopify's lofty valuation looks justified.
<h2 class="wp-block-heading">Cramer + Golden Cross = Winning Combination For Shopify Stock</h2>
Cramer's bullish call, backed by Shopify's Golden Cross and strong fundamentals, could be a winning combination.
The stock's technical setup, combined with Wall Street&#8217;s vote of confidence, makes Shopify a name to watch as we head into 2025. 
Investors looking for the next big move might find it here. Shopify isn't just crossing averages—it's crossing into new territory.
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Photo: Shutterstock

Long Ideas

Technicals

Signals

Jim Cramer Says Shopify 'At A Great Level To Buy' As Golden Cross Signals Big Gains Ahead

Cantor Fitzgerald analyst Deepak Mathivanan reiterates Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) with a Neutral and maintains $70 price target.

Reiteration

Cantor Fitzgerald Reiterates Neutral on Shopify, Maintains $70 Price Target

Whales with a lot of money to spend have taken a noticeably bullish stance on Shopify.
Looking at options history for Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 62% of the investors opened trades with bullish expectations and 25% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $97,521 and 5, calls, for a total amount of $295,670.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $65.0 to $120.0 for Shopify during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
In terms of liquidity and interest, the mean open interest for Shopify options trades today is 5355.67 with a total volume of 309.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Shopify's big money trades within a strike price range of $65.0 to $120.0 over the last 30 days.
<h3>Shopify 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728310710_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$9.05</td>
<td>$8.95</td>
<td>$9.05</td>
<td>$80.00</td>
<td>$90.5K</td>
<td>10.4K</td>
<td style="text-align: right;">40</td>
</tr>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$7.45</td>
<td>$0.23</td>
<td>$7.45</td>
<td>$120.00</td>
<td>$89.4K</td>
<td>3.7K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$19.2</td>
<td>$19.15</td>
<td>$19.2</td>
<td>$65.00</td>
<td>$48.0K</td>
<td>8.4K</td>
<td style="text-align: right;">26</td>
</tr>
<tr>
<td>SHOP</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$9.4</td>
<td>$9.3</td>
<td>$9.3</td>
<td>$85.00</td>
<td>$37.2K</td>
<td>3.4K</td>
<td style="text-align: right;">55</td>
</tr>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$9.0</td>
<td>$8.85</td>
<td>$8.94</td>
<td>$80.00</td>
<td>$35.7K</td>
<td>10.4K</td>
<td style="text-align: right;">40</td>
</tr>
</tbody>
</table>

<h3>About Shopify</h3>
Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. 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. The merchant solutions segment offers add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.
<h3>Current Position of Shopify</h3>
<ul>
<li>With a volume of 1,024,442, the price of SHOP is down -1.54% at $81.16. </li>
<li>RSI indicators hint that the underlying stock may be overbought.</li>
<li>Next earnings are expected to be released in 24 days.</li>
</ul>
<h3>Professional Analyst Ratings for Shopify</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $88.4.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Reflecting concerns, an analyst from JMP Securities lowers its rating to Market Outperform with a new price target of $80. 
&#x2A; An analyst from Redburn Atlantic has elevated its stance to Buy, setting a new price target at $99. 
&#x2A; An analyst from Barclays has decided to maintain their Equal-Weight rating on Shopify, which currently sits at a price target of $70. 
&#x2A; An analyst from Wells Fargo has decided to maintain their Overweight rating on Shopify, which currently sits at a price target of $90. 
&#x2A; An analyst from Citigroup persists with their Buy rating on Shopify, maintaining a target price of $103. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Shopify, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

A Closer Look at Shopify's Options Market Dynamics

On CNBC's &#8220;Mad Money Lightning Round,&#8221; Jim Cramer said FTAI Aviation Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTAI#NASDAQ">FTAI</a>) is &#8220;too high&#8221; for him and pre<a href="https://www.benzinga.com/quote/FTAI/analyst-ratings">fers to be in</a> RTX Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>).
RTX, last week, said Raytheon has secured a three-year, two-phase contract from DARPA to develop foundational ultra-wide bandgap semiconductors.
AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) is &#8220;just too hot,&#8221; Cramer said.
On Oct. 2, AST SpaceMobile announced completion of redemption of public warrants.
The &#8220;Mad Money&#8221; host recommended buying Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>), adding that it is at a great level to buy.
On Oct. 1, Barclays analyst Trevor Young maintained Shopify with an Equal-Weight rating and raised the price target from $65 to $70.
Cramer said no to First Watch Restaurant Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWRG#NASDAQ">FWRG</a>).
On Oct. 4, Guggenheim analyst Gregory Francfort maintained First Watch Restaurant with a Buy and lowered the price target from $24 to $20.
FIGS, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIGS#NYSE">FIGS</a>) is &#8220;not expensive and a very good spec,&#8221; Cramer said.
On Aug. 8, FIGS posted better-than-expected earnings for its second quarter.
Price Action:
<ul>
<li>FTAI Aviation shares gained 5% to settle at $140.15 on Friday.</li>
<li>AST SpaceMobile shares gained 12.5% to close at $26.11 during the session.</li>
<li>Shopify shares gained 5.5% to close at $82.43 during Friday's session.</li>
<li>Figs shares gained 3.6% to close at $46.70 on Friday.</li>
<li>First Watch Restaurant Group shares gained 0.8% to settle at $14.51 on Friday.</li>
</ul>
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Consumer staples offer stability during economic downturns as demand for essential goods remains steady, regardless of economic conditions. These stocks are less volatile, making them a defensive investment. Therefore, investors could consider investing in fundamentally solid consumer staples stocks Target (TGT), Kroger (KR), and Tyson Foods (TSN), which are trading at a discount. Keep reading... The October 2024 <a href="https://www.imf.org/en/Publications/GFSR/Issues/2024/10/22/global-financial-stability-report-october-2024#:~:text">Global Financial Stability Report</a> by the IMF highlights that while near-term financial stability risks are contained, rising economic and geopolitical uncertainty heightens the likelihood of adverse shocks. This growing disconnect between low financial volatility and elevated uncertainty could amplify future risks and expose underlying vulnerabilities.
Amid this backdrop, investors could consider investing in sound consumer staples stocks Target Corporation (<a href="https://stocknews.com/stock/TGT/">TGT</a>), The Kroger Co. (<a href="https://stocknews.com/stock/KR/">KR</a>), and Tyson Foods, Inc. (<a href="https://stocknews.com/stock/TSN/">TSN</a>), which are currently trading at a discount.
Consumer sentiments seem to be dampening this month after two months of small gains, as seen in the University of Michigan's consumer sentiment index <a href="https://apnews.com/article/consumer-sentiment-economy-election-084de7cedc2a1a51df1e96898a80da0c">slipping to 68.9 in October</a> from 70.1 in September.
Consumer staples provide stability during economic uncertainties and downturns because they consist of essential goods that people need regardless of their financial situation. These include products that maintain consistent demand even when consumers cut back on discretionary spending.
Companies in this sector often see steady sales and cash flows during economic downturns, making consumer staples stocks less volatile and a safe investment during periods of economic stress. Additionally, many of these companies offer dividends, providing reliable income for investors.
Given these market trends, let's look at the fundamentals of the top consumer staples stocks such as TGT, KR, and TSN.
Target Corporation (<a href="https://stocknews.com/stock/TGT/">TGT</a>)
TGT operates as a general merchandise retailer. It provides apparel for women, men, boys, girls, toddlers, infants, and newborns, jewelry, accessories, shoes, beauty and personal care, baby gear, cleaning, paper products, and pet supplies.
In terms of forward Price/Sales, TGT is trading at 0.64x, 50.9% lower than the industry average of 1.31x. Likewise, the stock's forward Price/Book multiple of 4.55 is 56.3% lower than the industry average of 2.91. Also, its forward Price/Cash Flow of 9.53x is 28.6% lower than the industry average of 13.34x.
On June 24, TGT partnered with Shopify Inc. (<a href="https://stocknews.com/stock/SHOP/">SHOP</a>), a global e-commerce platform, to offer a selection of its popular merchants and their products on Target Plus, the retailer's third-party, highly curated digital marketplace.
The strategic partnership with Shopify expanded TGT through a hand-selected assortment of new and on-trend products and brands like True Classic, Caden Lane, and more, giving consumers even more options to explore at affordable prices and with exceptional quality.
For the second quarter that ended on August 3, 2024, TGT's total <a href="https://www.investopedia.com/terms/r/revenue.asp">revenue</a> increased 2.7% from the prior year period to $25.45 billion, and its operating income came in at $1.64 billion, indicating growth of 36.6% year-over-year. Also, the company's net earnings and EPS totaled $1.19 billion and $2.57, up 42.7% and 42.8% from the prior year's quarter, respectively.
Furthermore, the company's cash and cash equivalents stood at $3.50 billion as of August 3, 2024, compared to $1.62 billion as of July 29, 2023.
According to the guidance for the third quarter, TGT expects adjusted EPS between $2.10 and $2.40. Also, for the full year, the company expects adjusted EPS of $9 to $9.70.
Street expects TGT's revenue and EPS for the third quarter (ending October 2024) to increase 2.2% and 9.4% year-over-year to $25.96 billion and $2.30, respectively. Moreover, the company surpassed the consensus EPS and revenue estimates in three of the trailing four quarters.
TGT's stock has increased 37.8% over the past year to close the last trading session at $148.05.
TGT's bright prospects are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
The stock has a B grade for Value, Momentum, and Quality. Within the A-rated <a href="https://stocknews.com/category/grocery-big-box-retailers/">Grocery/Big Box Retailers</a> industry, TGT is ranked #10 out of 37 stocks.
<a href="https://stocknews.com/stock/TGT/">Click here</a> to access additional TGT ratings for Sentiment, Growth, and Stability.
The Kroger Co. (<a href="https://stocknews.com/stock/KR/">KR</a>)
KR operates as a food and drug retailer. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price-impact warehouses. Its combination of food and drug stores offers natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce.
In terms of forward non-GAAP P/E, KR is trading at 12.70x, 29.6% lower than the industry average of 18.04x. Likewise, the stock's forward EV/EBITDA multiple of 7.43 is 33.5% lower than the industry average of 11.17. Also, its forward Price/Sales of 0.27x is 79.1% lower than the 1.31x industry average.
On October 8, KR announced that Boost by Kroger Plus will include Disney streaming options as part of its annual memberships. The company's members can choose from Disney+ Basic (With Ads), Hulu (With Ads), or an ESPN+ subscription as part of an inclusion benefit.
Also, on October 4, KR closed the transaction to sell its specialty pharmacy business to Elevance Health. KR entered into a definitive agreement with Elevance Health for the sale on March 18, 2024. The specialty pharmacy, earlier owned by KR, serves patients with chronic illnesses that require complex care.
On July 31, KR expanded its "Our Brands" portfolio with the addition of Field &amp; Vine&#x2122;, a fresh produce line grown by U.S. farmers in California, Florida, Georgia, Michigan, New Jersey, North Carolina, Oregon, and Washington. The brand presently provides blueberries, blackberries, raspberries and strawberries.
The new brand offers an enhanced fresh experience and high-quality berries during peak U.S. growing seasons.
During the second quarter that ended August 17, 2024, KR's sales rose marginally year-over-year to $33.91 billion. Its operating profit was $815 million for the quarter. Net earnings attributable to KR amounted to $466 million and $0.64 per common share for the quarter, respectively.
In addition, the company's total assets came in at $51.44 billion as of August 17, 2024, compared to $50.20 billion as of August 12, 2023.
The company updated its guidance for the full year 2024, reaffirming adjusted FIFO operating profit of $4.60 billion – $4.80 billion and adjusted net earnings per share of $4.30 – $4.50. Also, the company continues to expect adjusted free cash flow between $2.50 and $2.70 billion.
Street expects KR's EPS for the third quarter (ending October 2024) to increase 2.8% year-over-year to $0.98. For the same quarter, the company's revenue is expected to grow 0.8% year-over-year to $34.22 billion. Also, the company surpassed the consensus EPS estimates in all four trailing quarters.
KR's shares have gained 4.3% over the past month and 33% over the past year to close the last trading session at $57.62.
KR's POWR Ratings reflect its robust outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
KR has a B grade for Sentiment, Quality, and Value. It is ranked #20 out of 37 stocks in the A-rated Grocery/Big Box Retailers industry.
In addition to the POWR Ratings we've stated above, we also have other ratings of KR for Growth, Stability, and Momentum. Get all KR ratings <a href="https://stocknews.com/stock/KR/">here</a>.
Tyson Foods, Inc. (<a href="https://stocknews.com/stock/TSN/">TSN</a>)
TSN operates as a food company worldwide. The company operates through four segments: Beef; Pork; Chicken; and Prepared Foods. It processes live-fed cattle and hogs and fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, case-ready beef and pork, and fully cooked meats.
TSN's forward Price/Sales of 0.39x is 69.9% lower than the industry average of 1.31x. Also, the stock's forward EV/Sales multiple of 0.55 is 67.6% lower than the industry average of 1.71. Similarly, its forward Price/Book of 1.15x is lower than the industry average of 2.91x.
On August 8, TSN's Board of Directors declared a quarterly dividend of $0.49 per share on its Class A common stock and $0.441 per share on Class B common stock, payable on December 13, 2024, to shareholders of record at the close of business on November 29, 2024.
TSN pays an annual dividend of $1.96, which translates to a yield of 3.33% at the current share price. Its four-year average dividend yield is 2.85%. Moreover, the company's dividend payouts have increased at a CAGR of 3.3% over the past three years. Tyson has raised its dividends for 12 consecutive years.
On July 9, TSN entered into an agreement to sell its Vienna, Georgia, poultry complex to House of Raeford Farms. The company's decision to sell the complex was part of its continued efforts to optimize its plant network, and it will continue to service customer orders from other production locations.
During the third quarter, which ended June 29, 2024, TSN's sales increased 1.6% year-over-year to $13.35 billion. Its non-GAAP operating income increased 174.3% from the year-ago value to $491 million. Further, adjusted non-GAAP net income attributable to Tyson grew 483% and 480% year-over-year to $309 million and $0.87, respectively.
Street expects TSN's revenue and EPS for the fourth quarter (ended September 2024) to increase 0.6% and 86.1% year-over-year to $13.43 billion and $0.69, respectively. Also, the company has topped the consensus EPS estimates in each of the trailing quarters.
Shares of TSN have surged 30.4% over the past year to close the last trading session at $58.88.
TSN's POWR Ratings reflect its sound fundamentals. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
TSN has a B grade for Sentiment, Growth, and Value. It is ranked #21 out of 74 stocks in the B-rated <a href="https://stocknews.com/category/food-makers/">Food Makers</a> industry.
In addition to the POWR Ratings we've stated above, we also have TSN ratings for Quality, Momentum, and Stability. Get all TSN ratings <a href="https://stocknews.com/stock/TSN/">here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

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TGT shares rose $0.06 (+0.04%) in after-hours trading Thursday. Year-to-date, TGT has gained 8.67%, versus a 23.01% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/tgt-kr-tsn-shop-3-consumer-staples-stocks-trading-at-a-discount/>3 Consumer Staples Stocks Trading at a Discount</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Consumer Staples Stocks Trading at a Discount

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