<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/08/image59.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1152" height="720" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/08/image59.png"/></p>
<p>Shopify 的股价在今年表现强劲，从四月的低点 70 美元跃升至当前的 166 美元。这一增长发生在公司增长轨迹加速的背景下。那么，这家被高度高估的公司今天是否值得投资呢？</p>
<h2>Shopify 的收入和盈利能力增长持续</h2>
<p>Shopify 是一家全球领先的电子商务公司。其平台使人们更容易建立和管理自己的电子商务商店。</p>
<p>它在该行业占有相当大的市场份额，使其成为构建这些网站的默认平台。其其他竞争对手，如 Wix 和 BigCommerce，随着时间的推移一直难以获得市场份额。</p>
<p><strong>阅读更多：</strong> BigCommerce 与 Shopify 股票：为什么 SHOP 超过 BIGC</p>
<p>公司的增长势头强劲，年收入从 2015 年的 2.05 亿美元增长到过去十二个月（TTM）超过 106 亿美元。</p>
<p>同样，其盈利能力指标表现良好，从 1800 万美元的净亏损转变为去年的 20 亿美元利润。随着更多客户的加入以及盈利能力的持续增长，这一增长将加速。</p>
<p>华尔街分析师预计，公司今年的收入将达到 2114.6 亿美元，明年将达到 141 亿美元。每股收益方面，预计今年将从 1.45 美元增长到明年的 1.85 美元。Shopify 一直以来都有超越分析师预期的良好记录。</p>
<h2>SHOP 的估值问题持续存在</h2>
<p>关于 Shopify 的最大担忧是，由于其市场份额的增长，该公司一直被高度高估。根据 Seeking Alpha 汇编的数据，其估值等级为 D。</p>
<p>这是基于其非 GAAP 指标的前瞻市盈率为 111.27。这个指标远高于行业中位数 24。它也高于其他成长型公司，如 Nvidia 和 AMD。</p>
<p>该公司的前瞻市盈率为 202.65，远高于行业中位数 30.8。这使其成为美国最被高估的公司之一。</p>
<p>市盈率倍数比较了公司的股价和每股收益（EPS）。其主要挑战在于未考虑公司增长的速度。因此，PEG 比率通常被视为更好的评估公司方式。在这种情况下，该公司的前瞻 PEG 比率为 2.7，也高于其他公司。</p>
<p>评估 Shopify 的另一种方法是所谓的 40 法则，它关注公司的收入增长和盈利能力指标。在这种情况下，该公司的前瞻收入增长为 26%，净利润率为 16%，使其 40 法则指标为 42%。</p>
<p>这个 40 法则数字意味着公司并没有那么高估，因为它在平衡收入增长和盈利目标。</p>
<p>华尔街分析师普遍看好该公司，目标股价为 177 美元，高于当前的 166 美元，建议持有。</p>
<h2>Shopify 股价技术分析</h2>
<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/12/Shopify-stock-1024x579.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1024" height="579" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/12/Shopify-stock-1024x579.png"/></p>
<p>SHOP 股价图表 | 来源：TradingView</p>
<p>日线图显示，SHOP 股价在过去几个月中横盘整理。仔细观察发现，它形成了一个菱形形态，这是一个常见的看跌反转信号。</p>
<p>它还形成了头肩形态，而 MACD 和相对强弱指数（RSI）指向看跌反转信号。</p>
<p>因此，股价可能在接下来的几周内回落，可能会跌至 150 美元的心理关口。若突破 181 美元的关键阻力位，将会使看跌前景失效，可能会达到 200 美元的关键点。</p>
<p>这篇文章《Shopify 股价关注反转，菱形形态形成，估值风险依然存在》最早出现在 Invezz 上。</p>

SHOP

<p>Shopify 的股票今年从 70 美元飙升至 166 美元，得益于强劲的收入和盈利增长。尽管存在高估值的担忧，分析师们仍然持乐观态度，目标价为 177 美元。技术分析显示出一个菱形形态，暗示可能出现看跌反转，可能会跌至 150 美元，除非突破 181 美元的阻力位</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/08/image59.png" alt="" original-src="https://invezz.com/wp-content/uploads/2025/08/image59.png"/></p>
<p>Shopify stock price has had a strong performance this year as it jumped from the April low of $70 to the current $166. This growth happened as the company’s growth trajectory accelerated. So, is the highly overvalued company a good investment today?</p>
<div class="lb-trans"><p>Shopify 的股价在今年表现强劲，从四月的低点 70 美元跃升至当前的 166 美元。这一增长发生在公司增长轨迹加速的背景下。那么，这家被高度高估的公司今天是否值得投资呢？</p>
</div><h2>Shopify revenue and profitability growth have continued</h2>
<div class="lb-trans"><h2>Shopify 的收入和盈利能力增长持续</h2>
</div><p>Shopify is a top company that powers the e-commerce business globally. Its platform makes it easier for people to build and manage their e-commerce stores.</p>
<div class="lb-trans"><p>Shopify 是一家全球领先的电子商务公司。其平台使人们更容易建立和管理自己的电子商务商店。</p>
</div><p>It has a substantial market share in the sector, making it the default platform for building these sites. Its other competitors, like Wix and BigCommerce, have struggled to gain share over time.</p>
<div class="lb-trans"><p>它在该行业占有相当大的市场份额，使其成为构建这些网站的默认平台。其其他竞争对手，如 Wix 和 BigCommerce，随着时间的推移一直难以获得市场份额。</p>
</div><p><strong>READ MORE:</strong> BigCommerce vs Shopify stocks: Here’s why SHOP beats BIGC</p>
<div class="lb-trans"><p><strong>阅读更多：</strong> BigCommerce 与 Shopify 股票：为什么 SHOP 超过 BIGC</p>
</div><p>The company’s growth has been strong, with its annual revenue moving from $205 milion in 2015 to over $10.6 billion in the trailing twelve months (TTM).</p>
<div class="lb-trans"><p>公司的增长势头强劲，年收入从 2015 年的 2.05 亿美元增长到过去十二个月（TTM）超过 106 亿美元。</p>
</div><p>Similarly, its profitability metrics have done well, moving from a net loss of $18 million to a profit of $2 billion last year. This growth will accelerate as more customers join and as its profitability continue.</p>
<div class="lb-trans"><p>同样，其盈利能力指标表现良好，从 1800 万美元的净亏损转变为去年的 20 亿美元利润。随着更多客户的加入以及盈利能力的持续增长，这一增长将加速。</p>
</div><p>Wall Street analysts expect that the company’s revenue will move to $211.46 billion this year followed by $14.1 bilion next year. The earnings per share, on the other hand, is expected to move from $1.45 this year to $1.85 next year. Shopify has a long history of beating analysts’ estimates.</p>
<div class="lb-trans"><p>华尔街分析师预计，公司今年的收入将达到 2114.6 亿美元，明年将达到 141 亿美元。每股收益方面，预计今年将从 1.45 美元增长到明年的 1.85 美元。Shopify 一直以来都有超越分析师预期的良好记录。</p>
</div><h2>SHOP valuation concerns have continued</h2>
<div class="lb-trans"><h2>SHOP 的估值问题持续存在</h2>
</div><p>The biggest concern about Shopify is that the company has always been highly overvalued because of its growing market share. Data compiled by Seeking Alpha shows that it has a valuation grade of D.</p>
<div class="lb-trans"><p>关于 Shopify 的最大担忧是，由于其市场份额的增长，该公司一直被高度高估。根据 Seeking Alpha 汇编的数据，其估值等级为 D。</p>
</div><p>This is based on the fact that its forward price-to-earnings ratio of 111.27 based on non-GAAP measures. This metric is much higher than the sector median of 24. It is also higher than other growth companies like Nvidia and AMD.</p>
<div class="lb-trans"><p>这是基于其非 GAAP 指标的前瞻市盈率为 111.27。这个指标远高于行业中位数 24。它也高于其他成长型公司，如 Nvidia 和 AMD。</p>
</div><p>The company has a forward PE ratio of 202.65, much higher than the sector median of 30.8. This makes it one of the most overvalued companies in the United States.</p>
<div class="lb-trans"><p>该公司的前瞻市盈率为 202.65，远高于行业中位数 30.8。这使其成为美国最被高估的公司之一。</p>
</div><p>The PE multiple compares a company’s stock price and its earnings per share (EPS). Its main challenge is that it does not factor in how fast the company is growing. As such, the PEG ratio is usually seen as a better way to look at a company. In this case, the company has a forward PEG ratio of 2.7, which is also higher than other companies</p>
<div class="lb-trans"><p>市盈率倍数比较了公司的股价和每股收益（EPS）。其主要挑战在于未考虑公司增长的速度。因此，PEG 比率通常被视为更好的评估公司方式。在这种情况下，该公司的前瞻 PEG 比率为 2.7，也高于其他公司。</p>
</div><p>Another way to value Shopify is known as the rule-of-40, which looks at a company’s revenue growth and its profitability metrics. In this case, the company has a forward revenue growth of 26% and a net profit margin of 16%, giving it a rule-of-40 metric of 42%.</p>
<div class="lb-trans"><p>评估 Shopify 的另一种方法是所谓的 40 法则，它关注公司的收入增长和盈利能力指标。在这种情况下，该公司的前瞻收入增长为 26%，净利润率为 16%，使其 40 法则指标为 42%。</p>
</div><p>This rule-of-40 figure means that the company is not all that overvalued, as it is balancing its revenue growth and its profitability goals.</p>
<div class="lb-trans"><p>这个 40 法则数字意味着公司并没有那么高估，因为它在平衡收入增长和盈利目标。</p>
</div><p>Wall Street analysts are generally bullish on the company, with a price target of $177, which is higher than the current $166, making it a hold.</p>
<div class="lb-trans"><p>华尔街分析师普遍看好该公司，目标股价为 177 美元，高于当前的 166 美元，建议持有。</p>
</div><h2>Shopify stock price technical analysis</h2>
<div class="lb-trans"><h2>Shopify 股价技术分析</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/12/Shopify-stock-1024x579.png" alt="" original-src="https://invezz.com/wp-content/uploads/2025/12/Shopify-stock-1024x579.png"/></p>
<p>SHOP stock price chart | Source: TradingView</p>
<div class="lb-trans"><p>SHOP 股价图表 | 来源：TradingView</p>
</div><p>The daily timeframe chart shows that the SHOP stock price has moved sideways in the past few months. A closer look shows that it has formed a diamond pattern, a common bearish reversal sign.</p>
<div class="lb-trans"><p>日线图显示，SHOP 股价在过去几个月中横盘整理。仔细观察发现，它形成了一个菱形形态，这是一个常见的看跌反转信号。</p>
</div><p>It has also formed a head-and-shoulders pattern, while the MACD and the Relative Strength Index (RSI) point to a bearish reversal sign.</p>
<div class="lb-trans"><p>它还形成了头肩形态，而 MACD 和相对强弱指数（RSI）指向看跌反转信号。</p>
</div><p>Therefore, the stock will likely retreat in the coming weeks, potentially to the psychological level at $150. A move above the key resistance level at $181 will invalidate the bearish outlook, potentially to the key point at $200.</p>
<div class="lb-trans"><p>因此，股价可能在接下来的几周内回落，可能会跌至 150 美元的心理关口。若突破 181 美元的关键阻力位，将会使看跌前景失效，可能会达到 200 美元的关键点。</p>
</div><p>The post Shopify stock eyes a reversal as diamond pattern forms, valuation risk remain appeared first on Invezz</p>
<div class="lb-trans"><p>这篇文章《Shopify 股价关注反转，菱形形态形成，估值风险依然存在》最早出现在 Invezz 上。</p>
</div>

随着钻石形态的形成，Shopify 股票可能出现反转，但估值风险依然存在