Shopify has been a tremendous performer during the pandemic as bricks-and-mortar merchants have rushed to adopt the e-commerce platform to set up shop online, and as the company expanded into areas like fulfillment and payments. For the year through Friday, the stock was up about 160%.
Morgan Stanley analyst Keith Weiss picked up coverage of Shopify (SHOP) stock on Monday, assigning it an Equal Weight rating. He said in a research note that he is impressed with management's vision and ability to follow through on its plans, and that the company could sustain 30% compounded growth through 2030, which would drive its revenues to $25 billion.
While you're here, how about this:
Plotch Ecommerce ERP Launches Marketplace Module For Shopify And Magento
Plotch, an AI driven Ecommerce ERP, has announced today 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.
Monday's analyst calls: Starbucks, Shopify, AT&T, Dunkin' Brands
Cantor upgraded the biotech company and said it thinks that antibodies will be an "important" treatment for the coronavirus and that Regeneron 's therapeutic will be a key player in the fight.
"Additionally, we recognize that there is significant focus on vaccines, the holy grail for COVID-19, but we think antibodies are going to be an important treatment and prevention option, as well. We think that REGN-COV2 could be another unappreciated near-term revenue driver in 2021 after seeing early data, though regulatory path remains uncertain."
Cardano (ADA) as Mode of Payment on Shopify Stores - Product Release & Updates - Altcoin Buzz
Currently, Shopify stores process crypto payments using digital asset processing APIs. Coinbase Commerce, BitPay, and CoinPayments offer these APIs. Impressively, the app developed by Backes will remove the need for any intermediary. According to Backes, the Shopify store owners would need to add this app just like they add any other payment processing app. Unlike other crypto processing apps, the users will have to send Cardano ADA tokens directly to the store's private wallets.
Other things to check out:
Shopify support small businesses in New York through Empire State Digital - Tamebay
Shopify have announced their participation in Empire State Digital, a new program being led by New York State Governor, Andrew Cuomo, to help retailers become more resilient in the face of the COVID-19 pandemic.
The Empire State Digital program aims to help small businesses who are hugely important to the city’s economy expand beyond physical brick-and-mortar and get online to offer customers more options for buying products and services. Shopify, the State of New York, and its partners will help business owners sell on their own online store, and across marketplaces and social media channels.
Analysts Offer Insights on Consumer Goods Companies: and Shopify (SHOP)
There’s a lot to be optimistic about in the Consumer Goods sector as 1 analysts just weighed in on and Shopify ( SHOP ) with bullish sentiments.
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In a report issued on September 24, Mark Mahaney from RBC Capital maintained a Buy rating on Shopify, with a price target of $1250.00 . The company’s shares closed last Wednesday at $1022.97, close to its 52-week high of $1146.91.
Revive Your Business During COVID-19 While Preparing for the Future
TORONTO , Oct. 5, 2020 /PRNewswire/ -- As the COVID pandemic continues to wreak havoc on world economies, the lack of face to face customer contact is destroying small business revenue generators such as yoga lessons, gym classes, and technical training sessions. As a direct result, tens of thousands of small businesses have been forced to shut their doors permanently.
As John Stackhouse , Senior Vice President at the Royal Bank of Canada notes "We're emerging from this crisis with an even greater desire to harness smart technologies to transform pretty much everything we do. COVID did not crush the future. It merely brought it forward. People will want more options to engage with art, music and culture online after COVID"
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