Review of Shopify Inc.

JUL 17, 2025 - Given the strong competitive advantage of high switching costs and a tremendous addressable market. SHOP is expected to continue to grow at a healthy pace in the foreseeable future. The company has shifted its long-term growth strategy relative to giants like Amazon by only focusing on high-value-added, high-margin software solutions and divesting capital-intensive, competitive, commoditized logistics. Lastly, SHOP’s management has demonstrated a commitment to cost control recently, which we think could help expand margins significantly over time due to its business model with high operational leverage. The company continues to be a great long-term holding for growth-oriented investors. We are maintaining our rating of ‘A-‘.

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Kinaxis Inc. (KXS $145.80)
- $145.80 P/E (TTM): 88.32X Cap: $4.14B
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Shopify Inc. Class A Subordinate Voting Shares (SHOP $186.74)
- $186.74 P/E (TTM): 101.74X Cap: $243.37B
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Q: When do these companies next report earnings and what is expected? Do you see them beating estimates?

Read Answer Asked on January 23, 2026

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WSP Global Inc. (WSP $268.96)
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Celestica Inc. (CLS $449.17)
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Thomson Reuters Corporation (TRI $161.43)
- $161.43 P/E (TTM): 31.05X Cap: $75.20B
- View TRI Profile
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Shopify Inc. Class A Subordinate Voting Shares (SHOP $186.74)
- $186.74 P/E (TTM): 101.74X Cap: $243.37B
- View SHOP Profile
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- View Reports on SHOP
goeasy Ltd. (GSY $128.08)
- $128.08 P/E (TTM): 9.43X Cap: $2.06B
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Brookfield Infrastructure Partners L.P. (BIP.UN $47.89)
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5N Plus Inc. (VNP $19.19)
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Vitalhub Corp. (VHI $8.90)
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Galaxy Digital Inc. Class A common stock (GLXY $44.52)
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Zoomd Technologies Ltd. (ZOMD $1.17)
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Brookfield Corporation Class A Limited Voting Shares (BN $64.54)
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Lumine Group Inc. (LMN $23.01)
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Q: Hello
How would you rate the following in order for each group for a buy today at todays price for a 3 year hold on a scale of 1-10. With 1 being don't buy and 10 being a great buy.

Group 1
CSU
SHOP
CLS
BN
WSP
TRI
BIP.UN

Group 2
GSY
GLXY
LMN
VNP
ZOMD
VHI
DCBO

Thank you for letting me ask this question

Read Answer Asked by John on January 26, 2026

Shopify Inc. Class A Subordinate Voting Shares (SHOP $186.74)
- $186.74 P/E (TTM): 101.74X Cap: $243.37B
- View SHOP Profile
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Q: 5 Day-12.76%
1 Month-18.43%
3 Month-16.34%
YTD-13.70%
1 Year+25.12%

More recently SHOP performance has not been good. Is there any update/comment/analysis you can share with us as to why the weakness is occurring?

Has the outlook changed here? What are your thoughts please?

Sheldon

Read Answer Asked by Sheldon on January 21, 2026