Shopify’s revenue growth remains strong, but higher loan losses impacted profits. The stock is up over 50% year to date, doubling in the past year. The company credits AI for transforming its business and sees potential growth in AI partnerships with OpenAI, Microsoft, and Perplexity. Shopify’s Q3 revenue surged 32% to $2.84 billion, surpassing analyst consensus.

Despite solid growth, adjusted EPS slightly fell due to higher loan losses. Monthly recurring revenue was below expectations. Shopify forecasts mid-to-high 20s revenue growth in Q4, beating analyst expectations. The company attracts large brands like Estée Lauder and sees strong international growth, particularly in Europe.

Shopify’s platform is positioned well for agentic commerce with innovative partnerships and features. Valuation is high with a forward P/S ratio of over 15 based on 2026 estimates. While bullish on opportunity, a consumer slowdown and high valuation suggest waiting for a further stock decline before buying.

Read more at Yahoo Finance: Is It Time to Buy Shopify on the Dip?