Wall Street was hammered last week, resulting in the worst week for stocks since 2008, as Covid-19 dominates headlines. While the Federal Reserve’s stimulus measures this morning have buoyed stocks, coronavirus worries continue to linger. The selling has been mostly indiscriminate, including bonafide stocks such as Shopify (NASDAQ: SHOP ), which has been crushed from its 52-week high.
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First, we must acknowledge that while Shopify stock is a great long-term growth story, it can go lower. In fact, it’s possible for shares to go much lower.
Other things to check out:
Shopify (NYSE:SHOP) Rating Reiterated by Barclays - Redmond Register
Shopify (NYSE:SHOP) (TSE:SHOP) ‘s stock had its “hold” rating reissued by equities researchers at Barclays in a research report issued on Sunday, AnalystRatings.com reports. They presently have a $330.00 target price on the software maker’s stock. Barclays ‘s price objective points to a potential downside of 12.09% from the stock’s current price.
SHOP has been the subject of a number of other research reports. Rosenblatt Securities reissued a “buy” rating and issued a $630.00 price objective (up previously from $481.00) on shares of Shopify in a research report on Thursday, February 13th. SunTrust Banks lifted their price objective on shares of Shopify from $340.00 to $585.00 and gave the stock a “hold” rating in a research note on Thursday, February 13th.
Shopify must hand over Aboriginal flag seller's details, rules judge
An Australian federal judge has ordered Shopify to name the owner of a website accused of selling unlicensed Aboriginal flags.
The flag was adopted as an official flag of Australia in 1995 to represent the country’s indigenous population. But unlike most flags, rights to the design are not in the public domain or the hands of the government, but the Aboriginal artist Harold Thomas.
An Australian flag manufacturer, Carroll & Richardson Flagworld , owns exclusive rights, granted by Thomas, to reproduce the design on flags, pennants, banners and bunting.
Shopify (NYSE:SHOP) Price Target Cut to $500.00 - Redmond Register
Shopify (NYSE:SHOP) (TSE:SHOP) had its price target lowered by research analysts at KeyCorp from $575.00 to $500.00 in a research report issued on Monday, Stock Target Advisor reports. The brokerage presently has an “overweight” rating on the software maker’s stock. KeyCorp’s price target would indicate a potential upside of 44.48% from the stock’s current price.
Other equities research analysts have also issued reports about the stock. Rosenblatt Securities reiterated a “buy” rating and set a $630.00 target price (up from $481.00) on shares of Shopify in a research note on Thursday, February 13th. SunTrust Banks upped their price objective on Shopify from $340.00 to $585.00 and gave the stock a “hold” rating in a research note on Thursday, February 13th.
While you're here, how about this:
Barclays Maintains Their Hold Rating on Shopify (SHOP) | Analyst Ratings
According to TipRanks.com , Mathivanan is a 5-star analyst with an average return of 7.6% and a 51.6% success rate. Mathivanan covers the Technology sector, focusing on stocks such as Activision Blizzard, Mercadolibre, and GrubHub.
Shopify has an analyst consensus of Moderate Buy, with a price target consensus of $540.13, which is a 56.6% upside from current levels. In a report issued on March 11, Jefferies also maintained a Hold rating on the stock with a $400.00 price target.
Shopify (NYSE:SHOP) & Temenos (NYSE:TMNSF) Critical Analysis - Redmond Register
Shopify ( NYSE:SHOP ) and Temenos ( OTCMKTS:TMNSF ) 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, earnings, analyst recommendations, valuation, profitability, dividends and institutional ownership.
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Shopify has a beta of 1.13, suggesting that its stock price is 13% more volatile than the S&P 500. Comparatively, Temenos has a beta of 1.23, suggesting that its stock price is 23% more volatile than the S&P 500.
Shopify Designer Services Market Key Drivers, Business Insights, Trends And Forecast To 2024
The global Shopify Designer Services Market report is a compilation of first-hand information, qualitative and quantitative evaluation by industry analysts, inputs from industry experts and industry participants across the value chain.
The global Shopify Designer Services Industry report provides an extensive analysis of macro-economic indicators, parent market trends, and governing factors along with market attractiveness as per segments.
Cornwall entrepreneur turns to Shopify to support downtown merchants hampered by COVID-19 |
When businesses in downtown Cornwall began reeling from the impact of the COVID-19 pandemic, local entrepreneur Kelly Bergeron wasted no time trying to figure out ways to help support beleaguered merchants.
"I saw this great video about the World Health Organization's leader saying to act quickly and not to be afraid to fail," said Bergeron, the former executive director of the Cornwall Innovation Centre.
Using Shopify's platform, Bergeron created a website where Cornwall residents can directly support local businesses without leaving their homes.
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