Not only does Loop see little prospect for Shopify's stock price rebounding off its recent lows, the analyst also expects the stock to fall further.
So even if investors are starting to differentiate among different stocks with differing prospects today, they may not be thinking especially logically in every instance.
What are they thinking, though, in preferring Shopify and MercadoLibre over eBay? Here's one theory:
This may worth something:
Investors Should Be Cautiously Optimistic on SHOP Stock | InvestorPlace
After nearly touching $600 per share just a few weeks ago, Shopify (NYSE: SHOP ) has lost almost half its value in the market crash. Shopify stock is down to $316 this week as investors continue to wonder how much more pain the coronavirus from China will inflict on Wall Street.
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Is Shopify just another casualty in the stock market’s race to the bottom, or is the firm in danger of falling apart amid the economic strain? Here’s a look at whether or not Shopify stock is a buying opportunity in today’s market.
Shopify cancels events at L.A.
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Shopify Inc. says it is postponing all events, one-on-one appointments and workshops at its Los Angeles entrepreneurs' space.
The Ottawa-based e-commerce company says evolving public health concerns around a novel coronavirus prompted the decision.
Shopify says it was a hard choice to make, but the company believes it is the best option for everyone's health and safety.
Duke grads' artificial intelligence startup raises capital, launches on Shopify platform |
ATLANTA — A fledgling, artificial intelligence (AI) startup founded by two Duke University grads has closed on a round of venture funding.
Toucan AI – started by North Carolina natives and Duke grads Arjun Devarajan and Vishnu Menon – raised an undisclosed sum from a number of sources. They include MTT Ventures, Silicon Road, Seraph Group and a syndicate of angel investors.
The startup said it would use the funds to support its growth on the Shopify App store, an online selling platform that enable entrepreneurs to create a store and host it on the platform web servers.
Check out this next:
Q1 2020 EPS Estimates for Shopify Inc. Cut by Analyst (TSE:SHO) - Redmond Register
Shopify Inc. (TSE:SHO) – Investment analysts at Oppenheimer decreased their Q1 2020 earnings per share estimates for Shopify in a report issued on Tuesday, March 17th. Oppenheimer analyst K. Ikeda now forecasts that the company will earn ($1.19) per share for the quarter, down from their previous estimate of ($1.02).
Separately, Loop Capital reaffirmed a “hold” rating on shares of Shopify in a research note on Thursday, January 16th.
4 Top Stock Trades for Thursday: AMZN, DIA, SHOP, UTX | InvestorPlace
Stocks were pummeled again on Wednesday, hitting new lows and triggering yet another limit-down trading halt. That said, here’s a look at a few top stock trades for Thursday.
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Amazon (NASDAQ: AMZN ) has been holding up surprisingly well, and perhaps that’s no surprise to investors as commerce shifts from physical stores to online purchases. Moreover, Amazon certainly outperformed its peers and broader market on Wednesday — ending the day up 1.2%.
Square's Becoming A Conviction Buy: Here's Why - Square, Inc. (NYSE:SQ) | Seeking Alpha
Prior to the market meltdown, I was pounding the table on Square in the low $60s. It soared to the $80s, outstripping the market by a wide margin.
Now, the market has absolutely collapsed, and Square's discount has created an extremely attractive entry point.
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I understand Square is now in the $40s. The balance sheet is incredibly strong. It's a great company. It will rebound. My thesis still stands in the $40s.
Marriott's CEO Shared a Video With His Team and It's a Powerful Lesson in Leading
Running a business is difficult under normal circumstances. There are always a number of challenges facing businesses from managing people, attracting new customers, and controlling expenses. During the normal course of business, the ability to balance the needs of your business , your team, and your customers can test even the best leaders.
Of course, these aren't normal circumstances . As Marriott's CEO Arne Sorenson points out in a video to his employees, which was released on Twitter, the immediate economic impact of the current COVID-19 pandemic on the company's business is greater than 9/11 and the 2009 financial crisis combined. In Sorenson's words "that's saying something."
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