Strong earnings results drive Shopify stock up with revenue growth of 31% year-over-year

From Yahoo Finance: 2025-04-03 08:02:00

Artisan Partners released its Q4 2024 investor letter, showing strong gains in US equities but slight weakness in the portfolio. The fund’s returns were -1.67% for Investor Class ARTRX, -1.65% for Advisor Class APDRX, and -1.62% for Institutional Class APHRX, compared to the -0.99% return of the MSCI All Country World Index.

The Artisan Global Opportunities Fund highlighted Shopify Inc. (NYSE: SHOP) in its Q4 2024 investor letter. Shopify Inc. provides a cloud-based commerce platform, with its stock showing a one-month return of -1.80% and a 52-week gain of 34.54%. On April 2, 2025, Shopify Inc. stock closed at $100.65 per share with a market cap of $130.609 billion.

In its Q4 2024 investor letter, Artisan Global Opportunities Fund praised Shopify Inc. for its strategic decisions and innovative products, leading to strong earnings results and share price growth. Shopify Inc.’s revenue in Q4 was $2.8 billion, up 31% year-over-year, with full-year revenue reaching $8.9 billion.

Shopify Inc. is not among the 30 Most Popular Stocks Among Hedge Funds, but 64 hedge fund portfolios held the stock in Q4 2024. Shopify Inc.’s Q4 revenue was $2.8 billion, up 31% year-over-year, with full-year revenue up 26% to $8.9 billion. The potential for AI stocks to deliver higher returns in a shorter timeframe is emphasized over traditional investments like Shopify Inc.



Read more at Yahoo Finance: Strong Earnings Results Lifted Shopify (SHOP) in Q4