Barclays recently shifted its coverage and resumed following the e-commerce site Shopify (SHOP) at an Equal Weight rating and a price target of $1,060.
The bank also resumed coverage of at-home exercise bike maker Peloton Interactive (PTON) at an Overweight rating, the equivalent of a Buy, and a price target of $148.
Shares of Shopify, where small and medium sized businesses can set up online shops to sell their products, are up 118% in the last year and recently hit a new 52-week high of $1,285.19.
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Is Shopify (SHOP) Stock Outpacing Its Computer and Technology Peers This Year?
Investors focused on the Computer and Technology space have likely heard of Shopify (SHOP), but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
Shopify is one of 632 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #7 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
Shopify's gains in 2020 were simply astonishing - The Globe and Mail
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How crazy was Shopify's 2020? Well, a 192 per cent return – through Dec. 30 – sounds amazing enough.
But when you look at how much market capitalization the e-commerce giant added, Shopify's stock performance for the year just ended is all the more astonishing.
Shopify blew past Royal Bank of Canada in early May to become Canada's most valuable company. As 2020 closed, Shopify's market capitalization was roughly $182 billion, versus RBC's $149 billion, according to S&P Global Market Intelligence.
Amazon.com, Inc. (NASDAQ:AMZN), eBay Inc.
E-commerce is on fire this year as the pandemic kick-started a behavioral shift in consumers and accelerated online retail. Stitch Fix (NASDAQ: SFIX ) saw its shares rise nearly 50% this week after reporting stellar results, along with accelerated customer growth and upbeat outlook. But it is the e-commerce behemoth Shopify (NYSE: SHOP ) that surpassed eBay (NASDAQ: EBAY ) this year, as the second-largest e-commerce platform in the U.S. by sales volume after Amazon (NASDAQ: AMZN ).
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Shopify predicts 2021 will be defined by shopping locally, social commerce and social impact
Shopify, a leading global commerce platform, has published its 2021 Future of Commerce Report, providing insight into the most important trends that will shape retail over the next few years following the Covid-19 pandemic, spanning changing consumer behaviours, technology and the rise of social commerce.
Shopify analysed data from more than one million merchants worldwide and collected survey insights from more than 10,000 global consumers in 11 countries. The research has identified three key trends in the UK retail market which the company expects to shape the next decade in commerce:
Shopify Stock’s Drops 3% On Monday, Underperforms Market | Via News
Shares of Shopify slid 3.49% to $1,092.40 at 16:36 EST on Monday, after two successive sessions in a row of losses. NYSE Composite is sliding 1.03% to $14,374.83, after two sequential sessions in a row of gains. This seems, up until now, an all-around negative trend trading session today.
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Shopify’s sales growth is 79.4% for the ongoing quarter and 66.1% for the next. The company’s growth estimates for the ongoing quarter and the next is 195.3% and 200%, respectively.
Confessions of a brand fighting counterfeits | Glossy
In early December, Elliot Hans, founder of California streetwear brand Stoned Immaculate, stumbled on something he'd seen before: a cheap knockoff of one of his brand's styles. This time, it was a sweater, on a site called Lecastar.
Lecastar had a minimal social media presence, no phone number listed on its site and multiple images plucked from other brands’ e-commerce sites, and based on the About section of its Facebook page, it appeared to be owned by Shenzhen Ningyi Electronics. The company did not respond to a request for comment.
Shopify Stock Bearish By 3% As Session Comes To An End On Monday | Via News
Shares of Shopify slid 3.61% to $1,091.05 at 15:39 EST on Monday, after two consecutive sessions in a row of losses. NYSE Composite is falling 1.21% to $14,349.77, after two successive sessions in a row of gains. This seems, at the moment, an all-around rough trend trading session today.
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Shopify’s sales growth is 79.4% for the present quarter and 66.1% for the next. The company’s growth estimates for the present quarter and the next is 195.3% and 200%, respectively.
Happening on Twitter
Stock gains in 2020: Tesla +740% Etsy +306% Peloton +439% Zoom +414% Pinterest +254% Snap: +200% Shopify +189% Zil… https://t.co/HjFxJJIy9Q JonErlichman (from IG: @JonErlichman) Thu Dec 31 16:12:52 +0000 2020
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