Another year brought another new high for Shopify ( Shopify Stock Quote, Chart, News NYSE:SHOP) in 2019, as analyst scrambled to re-rate the stock at a record pace.
But what’s driving the profound growth for the Ottawa-based eCommerce giant? More importantly, what will allow it to continue?
National Bank Financial analyst Richard Tse says there is a part of the story that has gone relatively unexplained: the Shopify Fulfillment Network (SFN).
In case you are keeping track:
Shopify (TSE:SHOP) Reaches New 1-Year High at $544.00 - Riverton Roll
Shopify Inc (TSE:SHOP) shares reached a new 52-week high on Friday . The company traded as high as C$544.00 and last traded at C$539.00, with a volume of 102511 shares traded. The stock had previously closed at C$525.39.
Several equities analysts recently weighed in on the company. Robert W. Baird raised their price objective on Shopify from C$370.00 to C$410.00 and gave the company an “outperform” rating in a research note on Monday, September 9th. Pi Financial reiterated a “buy” rating and set a C$500.00 target price on shares of Shopify in a research report on Thursday, November 21st.
When Will Shopify (SHOP) Stock Reach the $500 Milestone? | InvestorPlace
Shopify (NYSE: SHOP ) is finishing the year with plenty of momentum, up almost 22% in the last month, and closing in on its 52-week high of $409.61 set in July. While Shopify stock has a good chance of reaching $400 by New Year’s Eve, investors are probably wondering how long it will take to SHOP stock to reach $500.
Given its recent history, Shopify stock has an excellent chance of hitting $500 by April. Here’s why.
Contrasting BroadVision (NASDAQ:BVSN) & Shopify (NASDAQ:SHOP) - Slater Sentinel
Shopify ( NYSE:SHOP ) and BroadVision ( NASDAQ:BVSN ) are both computer and technology companies, but which is the superior business? We will contrast the two businesses based on the strength of their risk, dividends, profitability, earnings, analyst recommendations, valuation and institutional ownership.
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This is a breakdown of current ratings and recommmendations for Shopify and BroadVision, as provided by MarketBeat.
While you're here, how about this:
Why I'll Be Buying Shares of This Small E-Commerce Company in 2020 | The Motley
When it comes to investing in e-commerce, a few names dominate the scene. Amazon is the 800-pound gorilla; Shopify has been helping just about anyone set up an online shop; and even Walmart has put together impressive e-commerce numbers over the past three years.
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I'm as big an Amazon fan as anyone out there. It's one of my core holdings, and my family has used the service to buy over 2,000 items in the past decade.
National Bank Financial Boosts Shopify (NYSE:SHOP) Price Target to $450.00 - Slater Sentinel
Shopify (NYSE:SHOP) (TSE:SHOP) had its price objective hoisted by analysts at National Bank Financial from $400.00 to $450.00 in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the software maker’s stock. National Bank Financial’s target price points to a potential upside of 10.66% from the stock’s current price.
Shares of NYSE:SHOP traded down $1.16 during midday trading on Friday, reaching $406.65. The company’s stock had a trading volume of 34,580 shares, compared to its average volume of 2,014,780. Shopify has a fifty-two week low of $129.48 and a fifty-two week high of $416.60. The firm has a market capitalization of $45.86 billion, a price-to-earnings ratio of -665.82 and a beta of 1.20.
Will These Thrive Or Dive ? – Stitch Fix (SFIX), Shopify (SHOP) | US Post News
The recent performance of Stitch Fix (NASDAQ:SFIX) stock in the market spoke loud and clear to investors as SFIX saw more than 2.61M shares in trading volumes in the last trading session, way higher than the average trading volume of 2.61M shares by far recorded in the movement of Stitch Fix (SFIX). At the time the stock opened at the value of $25.85, making it a high for the given period, the value of the stock dropped by -2.34%.
Given the most recent momentum in the market in the price movement of SFIX stock, some strong opinions on the matter of investing in the company's stock started to take shape, which is how analysts are predicting an estimated price of $30.92 for SFIX within consensus. The estimated price would demand a set of gains in total of 25.64%, which goes higher than the most recent closing price, indicating that the stock is in for bullish trends.
Retina's Shopify Integration Levels Playing Field for E-commerce Companies, Just in Time for the
Free trial of new augmented intelligence tool enables Shopify merchants to compete with Amazon by saving 20 to 30% on customer acquisition costs
"Shopify is the platform of choice for e-commerce companies worldwide, and they are all fighting to do one thing – survive in the Amazon world," said Retina CEO Michael Greenberg. "Retina's new tool levels the playing field, giving these businesses the same insights that the big brands pay teams of data scientists tens of thousands of dollars to provide."
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