Shopify's Q3 Earnings Beat Drives Analyst Upgrades, Market Confidence
Shopify's Q3 Earnings Beat Drives Analyst Upgrades, Market Confidence
Shopify delivered a "big FCF margin beat," Smith said. Free cash flows of $421 million coming in higher than consensus of $340 million and FCF margin of 19.5% coming in around 350 basis points higher than guidance, he added.Shopify Inc (NYSE:SHOP) shares were climbing on Wednesday after the company reported upbeat third-quarter earnings.
Shopify Inc（紐交所：SHOP）的股票在週三上漲，因該公司公佈了令人振奮的第三季度業績。
The company reported its results amid an exciting earnings season. Here are some key analyst takeaways.
公司在一季度盈利季中發佈了其業績。以下是一些重要的分析師觀點。
JPMorgan On Shopify
摩根大通關於shopify
Analyst Reginald Smith reiterated an Overweight rating while raising the price target from $76 to $121.
分析師Reginald Smith重申了增持評級，並將目標價從76美元提高至121美元。
Shopify delivered a "big FCF margin beat," Smith said. Free cash flows of $421 million coming in higher than consensus of $340 million and FCF margin of 19.5% coming in around 350 basis points higher than guidance, he added.
Smith表示，shopify實現了「巨大的自由現金流邊際超出預期」。42100萬美元的自由現金流高於市場共識的34000萬美元，自由現金流邊際爲19.5%，較指導值高出約350個點子。
"Key volume trends accelerated sequentially, despite tougher compares and a broader slowdown in e-comm spend," the analyst wrote. Total revenues grew 26% year-on-year, versus consensus of 23%, "driven by the fastest GMV (gross merchandise value) growth in nearly three years," he added.
分析師寫道：「關鍵成交量趨勢環比加速，儘管面臨更嚴苛的比較和電子商務支出的普遍放緩。」總營業收入同比增長26%，高於市場共識的23%，「主要得益於近三年來商品總價值（gross merchandise value）增長最快。」
"We note September was Shopify's largest month of B2B volume ever," Smith said.
Smith表示：「我們注意到9月份是shopify有史以來最大的B20億成交量的月份。」
Check out other analyst stock ratings.
查看其他分析師的股票評級。
Goldman Sachs On Shopify
高盛關於shopify的分析
Analyst Gabriela Borges maintained a Buy rating while lifting the price target from $88 to $135.
分析師加布裏埃拉·博爾赫斯維持買入評級，並將目標價從88美元上調至135美元。
Shopify's GMV reflects that its share has gained momentum within both the U.S. e-commerce channel and the less mature channels, such as POS and international, Borges said. "Shopify is posting sustained and elevated growth in both Core and Plus MRR independent of pricing changes and a one-time benefit in the second quarter," she added.
博爾赫斯表示，shopify的商品總價值反映出其在美國電子商務渠道和較不成熟的渠道（如pos和國際）中的市場份額勢頭正在增強。"shopify無論在覈心和plus MRR方面都在持續和顯著增長，這與價格變動及第二季度的一次性收益無關，"她補充道。
Shopify onboarded 16 new enterprise merchants in the third quarter, the analyst stated. "Enterprise is expected to be a more meaningful growth driver in 2025," she further wrote.
分析師指出，shopify在第三季度新 onboard 了16家企業商戶。"企業預計將在2025年成爲更重要的增長驅動力，"她進一步寫道。
SHOP Price Action: Shares of Shopify had jumped 3.20% to $112.40 at the time of publication on Wednesday.
SHOP價格走勢：截至週三出版時，shopify的股票上漲了3.20%，達到112.40美元。
Read More:
• Shopify Q3 Earnings: Ninth Consecutive Quarter of Revenue Beats, GMV Up 24%, Positive Outlook And More
閱讀更多：
• shopify第三季度業績：連續第九個季度的營業收入超出預期，商品總價值增長24%，前景樂觀等。
Photo: Piotr Swat via Shutterstock
圖片：Piotr Swat通過Shutterstock提供
譯文內容由第三人軟體翻譯。
