Tobias Lütke, founder and CEO of Shopify Inc., questioned the Bay Street and Wall Street analysts who have been expressing doubt about his company, ...
Forty-six analysts currently follow Shopify and only three of them recommend selling the stock, BNNBloomberg reported, citing Bloomberg data. Lütke’s comments stood out because they were a deviation from the calm, co-operative relationship that often exists between CEOs and analysts. As a bag holder I really hope you block out the noise and focus on executing.” That feels like analysts should really have that in their models.” Lütke’s comments followed Shopify’s latest quarterly call with analysts on May 5, when the Ottawa-based company announced underwhelming results for the first quarter of 2022. “Is there a place where financial analysts’ track records are kept?