Shopify stock has tumbled 28% since its February peak at just under $1,500 a share, pressured by concerns about how the e-commerce software company will be impacted by the reopening of retail stores as the pandemic fades and shifting investor preference for lower multiple shares.
Chukumba on Tuesday lifted his rating on Shopify (ticker: SHOP) shares to Buy from Hold and kept his $1,400 target price. The stock was up about 2%, to $1,101.54, in afternoon trading.
Shopify CEO Email to Managers: We Are Not a Family
While some workers have high expectations for how their employers should be engaging when it comes to social issues, companies are sorting through how to best respond, while staying focused on their businesses.
In the wake of the internal debates, Lütke changed the settings on Shopify's diversity-focused Slack channel, called #belonging, to be read-only, further upsetting some employees who told Insider they felt silenced.
Shopify Employees Say Noose Emoji Found in Slack; CEO Silenced Debate
Shopify, the Ottawa-based e-commerce platform known for the tools it offers to entrepreneurs and small-business owners, has dealt with some internal strife over its handling of racial and social-justice issues over the past year, former employees say.
These former employees' identities are being kept anonymous because they fear potential reprisals. Each left the company in the past nine months.
Webgility and Shopify Offer Free Omnichannel Commerce Webinar
SCOTTSDALE, Ariz. , May 10, 2021 /PRNewswire/ -- Omnichannel retailers report their customers are more engaged and loyal, but sellers who are ready to scale often don't know where to start. Offering a seamless customer experience across multiple physical and digital channels can seem like an insurmountable task, especially with today's high consumer expectations.
"Today's retail marketplace is changing at breakneck speed," says Buckley. "Shoppers expect a unified customer journey across channels, but before now, there was no playbook for how to organize your operations and make that happen. We're excited to deliver that playbook by unveiling the strategies real high-growth Shopify sellers use to stay ahead of the competition."
Dovetale Launches Shopify App and Pays Out More Than $1 Million to Creators in 3-Month Beta
The new financing follows a year of tremendous growth for e-commerce, influencer marketing, and the Dovetale team. Dovetale's marketing suite offers tools for influencer marketing covering capabilities for large enterprises and now small businesses built on Shopify. The new capital will be used to establish a leadership position for the firm across the Shopify e-commerce customer base.
"The net promoter score across influencer marketing tools available to marketers — specifically Shopify merchants — is horrible. We're bringing the world's best solution to a market that has been underserved," said Mike Schmidt , Dovetale Founder. "Building products that help merchants lower their customer acquisition costs while providing monetary rewards to creators is our primary focus.
Why Lerner Group's Vanessa Martinez Is 'Very Bullish' On Shopify - Shopify (SHOP)
Vanessa Martinez, managing director and partner of The Lerner Group, views Shopify Inc (NYSE: SHOP ) as a value stock, she said Monday on CNBC's "The Exchange."
Shopify seems like an expensive stock, so it doesn't get thrown in with other value names, but its room for growth makes it a value stock, Martinez said.
She told CNBC that she has been "very bullish" on the stock for the past couple years, adding that Shopify is "a mini Amazon.com Inc (NASDAQ: AMZN )."
BNPL Player Affirm Looks to Its Fast-Growing Shopify Link for Near-Term Growth – Digital
Affirm Holdings Inc. on Monday described an arc that traced deals to process for tens of thousands of Shopify Inc. merchants on the upside and returns for $2,500 Peloton Inc. treadmills on the downside.
In a conference call with stock analysts to discuss its fiscal third-quarter results, the San Francisco-based buy now, pay later specialist said its deal with Shopify, announced in July, has so far recruited 12,500 merchants for Shop Pay Installments. The service is part of the Ottawa, Ontario-based commerce platform's Shop app, which includes the Shop Pay digital wallet. Shopify accounts for 8.6% of U.S.
Shopify: A Great Canadian Growth Stock to Buy After Tech's Latest Slide
Growth investors were dealt another vicious sell-off on Monday, with the growth-heavy Nasdaq 100 plunging over 2.6% in a single trading session. The S&P 500 and TSX Index were also dragged down by 1% and 0.6%, respectively, amid inflation jitters.
With rates remaining pretty stable at around 1.6%, this latest growth-driven sell-off definitely came as a surprise to some. Inflation jitters are still in the air, and they've overpowered some pretty incredible earnings numbers over these past few weeks. Like most other top-tier tech winners from 2020, Shopify (TSX:SHOP)(NYSE:SHOP) blew away the numbers, but to no avail.
Ordergroove Appoints Conor O’Mahony to Board of Directors as Shopify Sales Grow 293% Year
O'Mahony most recently helped scale Klaviyo to one of the top apps in Shopify's ecosystem, achieving a $4 billion valuation. He is a top-performing entrepreneurial leader, with a track record of driving product innovation, leading cultural transformation, and scaling business across large and small organizations. As the CPO at Klaviyo, O'Mahony implemented a product-led growth approach that drove a 10x increase in revenues.
"I couldn't be more excited to join the Ordergroove Board of Directors at a time when the company is ideally positioned in a market that's exploding," said O'Mahony. "As technology matures, merchants and consumers will continue to leverage that technology to deepen their relationships. Ordergroove couldn't be better situated to help merchants move from transactional commerce to relationship commerce.
Is Shopify (SHOP) Stock a Good Buy at These Prices?
Shopify (SHOP) recently reported better-than-expected first-quarter earnings results. Its stock has fallen 18 percent over the last three months and 26 percent from its 52-week high. So, what’s the forecast for SHOP stock in 2021? Is it a good long-term buy?
Roth Capital analyst Darren Aftahi has upgraded Shopify stock from “neutral” to “buy,” and raised its target price from $1,325 to $1,530. The target price suggests a 38 percent upside from its current price.
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