Shopify, a Canadian e-commerce company, has been a subject of interest among investors and analysts. Founded in 2004 by Tobi Lütke, Daniel Weinand, and Scott Lake, Shopify has grown to become one of the leading e-commerce platforms, providing businesses with a range of tools and services to manage their online stores and sales (Shopify, n. d.). The company's headquarters is located in Ottawa, Ontario, Canada. Baird analyst Colin Sebastian recently raised his 12-month target price for Shopify, sparking interest in the company's valuation (Sebastian, 2025). According to a report by Cantech Letter, Sebastian's revised target price suggests that the analyst has a positive outlook on Shopify's future performance (Cantech Letter, 2025). Shopify's stock has been listed on the New York Stock Exchange (NYSE) under the ticker symbol SHOP since 2015 (NYSE, n. d.). Shopify's achievements include reaching $1 billion in annual sales in 2017 and surpassing 2 million merchants on its platform in 2020 (Shopify, 2020). The company has also made significant investments in its technology and services, including the acquisition of several e-commerce startups and the launch of new features such as ← →
The Canadian technology sector has experienced significant growth recently, with many companies making notable contributions to the global economy. One such company is BlackBerry, a Canadian telecommunications and software company that was once a dominant player in the smartphone market (BlackBerry, n. d.). Founded in 1984 by Mike Lazaridis and Douglas Fregin, BlackBerry was known for its innovative products, including the iconic BlackBerry Messenger service (BBM) and the QWERTY keyboard-equipped smartphones (BlackBerry, 2022). However, with the rise of iOS and Android devices, BlackBerry struggled to adapt and eventually shifted its focus to software and cybersecurity solutions (BlackBerry, 2020). As reported by Cantech Letter, a source for Canadian technology news, BlackBerry's pivot to software has shown promise, with the company reporting increased revenue from its cybersecurity and IoT (Internet of Things) segments (Cantech Letter, 2022). According to a report by Research and Markets, the global cybersecurity market is expected to grow significantly in the coming years, driven by increasing demand for digital security solutions (Research and Markets, 2022).
Other references and insights: Check hereBaird analyst Colin Sebastian raised his 12-month target price for Shopify (Shopify Stock Quote, Chart, News, Analysts, Financials NYSE:SHOP) to...◌◌◌ ◌ ◌◌◌
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