Shopify CEO Says He Doesn't Manage to Financial Statements
Investors who listened to the most recent earnings call from the e-commerce platform company Shopify (NYSE: SHOP) were in for a treat. Tobi Lutke, Shopify's CEO, was particularly pointed in answering one analyst's question on an off-the-books financial ratio. Lutke went on to explain that the company uses its financial statements to "check in" on the company's progress.
Read on to see how an analyst's question got the CEO to admit he doesn't manage the company by its financial statements.
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Source: Fool.com
Shopify Inc Stock
€53.86
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Currently there is a rather positive sentiment for Shopify Inc with 4 Buy predictions and 0 Sell predictions.
As a result the target price of 75 € shows a positive potential of 39.25% compared to the current price of 53.86 € for Shopify Inc.
