That's according to KeyBanc Capital Markets analyst Josh Beck. On Tuesday, Beck raised his price target from $1,150 to $1,250, while maintaining his overweight (buy) rating on Shopify's stock. His new target represents potential gains for investors of roughly 17% over the stock's closing price on Monday of about $1,066.
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He noted that the initiative has developed into "a full-fledged, tightly integrated fulfillment solution for Shopify merchants and includes order/inventory management solutions, branding and data controls, and access to scalable, flexible warehousing space to sell across multiple channels."
Quite a lot has been going on:
Shopify (TSX:SHOP) Shakes it Up With New Leadership
2020 is a year of corporate upheavals, changes, and brutal restructuring. Many companies are still recovering from the previous crash. They might look into restructuring or downsizing to strengthen themselves after the previous ordeal or prepare for another market crash. Other companies might take a different path and make leadership changes.
That’s very bold, even if you compare it to personnel changes throughout the organization, or even with revamping departments or merging them together. A change in leadership is felt top-down and may impact morale, functionality, and even the company’s image in the market.
Shopify Gets Target Boost From KeyBanc on Fulfillment Network - TheStreet
Analyst Josh Beck, who has an overweight rating on the stock, said the Shopify Fulfillment Network, which was launched last year, "is a full-fledged, tightly integrated fulfillment solution for Shopify merchants and includes order/inventory management solutions, branding and data controls, and access to scalable, flexible warehousing space to sell across multiple channels."
“Following our SFN deep dive, we walk away more constructive on Shopify’s opportunity to build a new software ‘brain’ to orchestrate the fulfillment value chain," Beck said.
Plotch Ecommerce ERP Launches Marketplace Module for Shopify and Magento
Plotch, an AI driven Ecommerce ERP, has announced that they have launched a marketplace module using which any businesses can launch a marketplace in India very easily. The marketplace module can integrate very well with any Shopify or Magento based web stores which need to be converted into a marketplace platform .
Using Plotch, a food or an apparel website for example can be very easily converted into a marketplace model within few minutes. The online marketplace ERP module can split any customer order into a rule based shipment which can be routed to any seller on Plotch. The marketplace module also manages seller payouts, commission invoices and seller reports. The seller can also choose from which hub to route the shipment based on their preferences.
Other things to check out:
Shogun raises $35M to help brands take on Amazon with faster and better sites of their own
E-commerce has boomed this year , with more businesses and shoppers than ever before turning to websites and apps as a safer, socially distanced alternative during the current global health pandemic. Today, a startup that has built a platform to help individual companies and brands design better websites is announcing a round of growth funding to help them step up to that challenge with faster and better designed interfaces.
Finbarr Taylor, the CEO who co-founded the company with Nick Raushenbush, said that the startup plans to use the funding to continue enhancing its two main products — pagebuilder for bigger companies and agencies; and frontend, a headless commerce solution for smaller businesses that offers faster page-load times — and to help improve its market strategy.
NRF | How Shopify consolidates the ecommerce experience
Canadian global commerce platform Shopify helps over 1 million merchants in over 175 countries in all aspects of building their brand and business. The operating system began as a platform to help small entrepreneurs sell online and has since expanded to assist a variety of merchants including large bricks-and-mortar retailers to expand their reach in the ecommerce marketplace.
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As consumers shifted to online shopping earlier this year, the platform saw a 71 percent increase in new stores created in Q2 compared to Q1 2020. It also saw an emergence of local ecommerce over the last six months as interest grew in supporting small businesses.
ClearSale Becomes Shopify Plus Certified App Program Partner
The fraud protection leader has been selected as a premier app provider for the highly regarded commerce platform.
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Easyship joins Shopify Plus as a logistics partner to expand shipping options for merchants -
According to the press release, joining the Shopify Plus Partner Program demonstrates the importance of multi-courier shipping solutions for scaling merchants. Combining Easyship’s omnichannel shipping software with Shopify Plus' multi-channel platform gives merchants the ability to sell at scale and own a customer’s post-purchase experience, through streamlined logistics, as well as streamline financial operations by providing full cost transparency at checkout.
Happening on Twitter
Scaling up Uttar Pradesh's COVID Infrastructure with COBAS 6800 Machines, fully automated, high-end machines for pe… https://t.co/pt7MvJ6rP1 mygovindia (from New Delhi) Tue Oct 06 12:55:45 +0000 2020
What's the issue? Roche is building new automated warehouse to increase capacity ahead of Brexit The new warehouse… https://t.co/HVfKXLYCde rowlsmanthorpe (from rowland.manthorpe@sky.uk) Tue Oct 06 19:32:28 +0000 2020
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