Jefferies analyst Samad Samana notes that Shopify (SHOP) reported Black Friday-Cyber Monday weekend GMV of about $14.6B, up about 27% year-over-year and up 24% on a constant currency basis. This morning, Global-e Online (GLBE) also reported 36% year-over-year growth in BFCM GMV, the analyst added. The firm, which says the data leave it “constructive on the near-term outlook,” views Shopify and Global-e as on track for a “healthy” Q4, the analyst tells investors.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SHOP:
- Despite Outage, Shopify Posts Record Thanksgiving Sales of $14.6 Billion
- Shopify Reports Record Sales During Black Friday Weekend
- Shopify reports merchants achieve $14.6B in Black Friday-Cyber Monday sales
- ARKB, HOOD, SHOP, WRD: Cathie Wood Expands Crypto and AI Bets, Trims Stakes in Roku and GitLab (GTLB) Stocks
- SOUN, NOW, CRM: Wedbush’s Dan Ives Drops 3 AI Stocks From 2026 Watchlist