13:46:12 EST Tue 24 Feb 2026
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or Name
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Shopify Inc
Symbol SHOP
Shares Issued 1,225,909,940
Close 2026-02-23 C$ 160.67
Market Cap C$ 196,966,950,060
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Globe says Shopify fails to capture Pape's confidence

2026-02-24 09:29 ET - In the News

The Globe and Mail reports in its Tuesday edition that as investors worry about the disruptive possibilities of artificial intelligence, it might be time to cash in on your Shopify holdings. Globe columnist Gordon Pape writes: "If you have not taken half profits, do so now for a gain of over 6,000 per cent on the original price. Hold the balance." Shopify is a cloud-based, multichannel commerce platform designed for smaller businesses. Merchants use the software to design, set up, and manage their stores across multiple sales channels. Shopify managed to buck the decline in the tech sector until early January. Then it went into free-fall. So far this year, the shares have lost 22 per cent of their value. The company issued strong fourth-quarter and year-end results (to Dec. 31). Revenue came in at $378.4-billion for the year, up 30 per cent from $292.3-billion in 2024 (all figures U.S.). Net income was $1.5-billion, up from $1.2-billion in 2024. The stock does not pay a dividend, however the board approved a share repurchase plan. The company issued first-quarter 2026 guidance, with revenue growth expected to be in the low 30-per-cent range. The shares stil look expensive with a price-earnings multiple of 135.07.

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