From Nasdaq: 2025-04-04 03:16:00

Shopify has relisted its U.S. shares on the Nasdaq Stock Exchange, possibly to become eligible for inclusion in the Nasdaq-100. Palantir Technologies saw a 7% increase in share price after being added to the index last year. Shopify’s market value of $131 billion positions it as a likely candidate for inclusion this year.

Companies joining the Nasdaq-100 typically experience a stock price increase. Shopify’s strong presence in e-commerce, with a market share exceeding 12% in the U.S. and 6% in Western Europe, makes it a favorable investment. Retail e-commerce spending is projected to grow at 11% annually through 2030.

Shopify excels in wholesale e-commerce, a sector poised for 18% annual growth through 2030. The company reported a 31% revenue increase in the fourth quarter of 2024, with a rise in non-GAAP earnings. Operating expenses have decreased, showing increased efficiency. Wall Street projects 26% annual earnings growth through 2026.

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Read more at Nasdaq: Shopify Stock Takes Its Cue From Palantir Technologies. History Says This Will Happen Next.