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Stock Market Today, Aug. 5: Shopify Soars 17% After Beating Q2 Estimates, Raises Q3 Outlook
The Motley Fool·
Shopify stock surged 17% after delivering strong Q2 earnings with GMV, revenue, gross profits, and free cash flow all growing over 30%. The company raised Q3 guidance and highlighted AI-driven merchant activity, with AI-powered Sidekick assistant usage tripling year-over-year. While trading at elevated multiples (89x FCF, 78x forward earnings), the e-commerce platform continues strong momentum.
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