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Can Shopify Stock Rebound? Key Insights Ahead of Q2 Earnings
E-commerce platform Shopify Inc (NYSE:SHOP) is due to report second-quarter earnings Wednesday morning.
Here’s what investors need to know.
Shopify Looks To Rebound
JPMorgan’s analysis of the company’s upcoming second-quarter 2024 earnings, due during Tuesday’s pre-market session, highlight a pivotal moment for the company, as its shares have dropped sharply since the first-quarter 2024 report on May 8.
Lead analyst Reginald L. Smith, CFA, and team note investors are looking for clarity on whether Shopify can maintain over 20% growth medium-term despite potential macroeconomic challenges, and whether management is prepared to cut operational expenditures to boost margins if necessary.
Read Also: What’s Going On With Shopify Shares Tuesday?
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