The main thing about this company is that as of now, it primarily caters to small and mid-sized businesses that were lashed pretty bad by the lockdowns and social distancing norms in place. Government support did help them a bit, but many were hard-pressed to just get their stuff out to customers. So the primary need of the hour was an online presence , which is where Shopify SHOP had its gains in the last few months.
While you're here, how about this:
Shopify Stock Gets Praise, PayPal Forges Buy Point | Investor's Business Daily
The coronavirus emergency has accelerated consumers' shift to online shopping and away from cash when they do buy at retail locations — two payment trends impacting the likes of Shopify ( SHOP ) and PayPal Holdings ( PYPL ), analysts said Thursday. PayPal stock has forged a new entry point.
Both PayPal and Shopify won price hikes on Thursday. RBC Capital increased its price target on Shopify stock to 1,000 from 825. Susquehanna Financial Group hiked its price target on PayPal stock to 190 from 150.
Shopify, BlackBerry helped build made-in-Canada contact tracing app to be tested in Ontario |
OTTAWA — A made-in-Canada mobile app to alert Canadians who may have been exposed to a person infected with COVID-19 is ready for testing in Ontario, Prime Minister Justin Trudeau announced Thursday.
Trudeau said using the app is completely voluntary and it will not share or store any personal information, including a user’s geographical location.
The app was developed by Canadian Digital Service, Ontario Digital Service, Blackberry, and volunteers from Shopify who helped build it. The app uses Bluetooth software that was developed by phone-makers like Apple and Google. It creates and shares an anonymous identification code from your phone to any phone that also has the app and comes into close proximity with your own for an extended period of time. Your phone will also collect codes from those phones and store them for 14 days.
Thursday's biggest calls of the day: Tesla,Shopify, PayPal & more
Jefferies raised its price target on the stock to a Street high and said the company's momentum is accelerating in the wake of the coronavirus pandemic.
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RBC raised its price target on the ecommerce company that helps businesses online to a Street high and said the stock was "underappreciated."
"Despite a doubling in its share price YTD, we believe the market still underappreciates three things about SHOP : its total addressable market, its Take Rate Potential, and its Operating Margin potential…and hence its EPS power. Based on updated Comps analysis, strengthened DCF drivers, and a forwarding of our val framework to '22, we are raising our PT to $1,000."
And here's another article:
Surging Shopify and energy strength lift TSX | Toronto Sun
TORONTO — Canada’s main stock index recovered some of Wednesday’s losses as tech darling Shopify Inc. surged after receiving an analyst upgrade.
The Ottawa-based company’s shares gained 5.9%, accounting for about 85% of the TSX’s daily increase.
Shopify shares moved after Royal Bank of Canada put a US$1,000 target price, up from Thursday’s close of US$863.56.
Shopify App 'Shop' Spotlights Black-Owned Businesses
The app's landing page now includes a black box situated in the center of the screen, with the title, "Shop Black-owned Businesses." One tap on "Explore shops" takes the user to a list of brands, including BLK MKT Vintage, Coco and Breezy Eyewear and Golde, among others.
Shopify's goal with the update is to raise the visibility of these brands and help them reach more customers. Inclusion hinges on an opt-in model, so the businesses themselves can choose to be featured.
Everything you need to know about e-commerce and Shopify
First of all, let's align on what we consider an e-commerce project and what its distinctive features are. If you have ever visited an online shop or a site when you can make a purchase online, then you have an idea of an e-commerce project — it is what we are used to call "webshop." This online resource is different from an ordinary website, which imposes different requirements to a platform it is run on.
One of the leading e-commerce platforms today Shopify. It allows entrepreneurs to create their own online stores with no dev efforts. The solution is easy to use, so you can establish your own store even if you cannot boast of a strong tech profile. Shopify is just perfect for those who want to launch their own online store without any hassle and large-scale investments.
Threekit partners with Shopify to offer 3D and AR - Furniture Today
CHICAGO — Threekit , an online product visualization company, has partnered with Canadian e-commerce platform Shopify to offer furniture retailers and others the opportunity to let shoppers view and customize their products in 3D and augmented reality.
"We're big fans of Shopify. Dozens of our customers use the platform and many have even used Shopify Plus to scale massively," said Matt Gorniak, CEO of Threekit. "We built Threekit to allow brands to create beautiful product customization in 3D, AR and high-definition images, and our Shopify integration is the next version of this."
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