Loading...Loading...Shares of e-commerce company Shopify Inc SHOP are trading higher after Evercore ISI analyst Mark Mahaney upgraded the stock from In-Line to Outperform rating and announced a price target of $75.Mahaney noted that a 30% pullback in the stock from the 52-week high has provided an attractive entry point into owning a best-in-class e-commerce platform business. The analyst said Shopify's very large Total Addressable Market (about $850 billion TAM), very strong competitive position, and upmar ...

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Shopify (SHOP) closed the latest trading day at $64.69, indicating a -1.19% change from the previous session's end. The stock's change was less than the S&P 500's daily gain of 0.23%. Elsewhere, the Dow lost 0.17%, while the tech-heavy Nasdaq added 0.34%.Coming into today, shares of the cloud-based commerce company had gained 11.4% in the past month. In that same time, the Computer and Technology sector lost 2.01%, while the S&P 500 gained 3.96%.The upcoming earnings release of Shopify will be of great inte ...

The recent sell-off is likely an excellent buying opportunity for Shopify.In an environment where e-commerce companies have performed well recently, Shopify's (SHOP 1.29%) stock has struggled. Since surging above $91 per share in February, lowered sales guidance seems to have weighed on sentiment. Consequently, it sells at a 33% discount to its 52-week high.That leaves investors questioning whether they should take advantage of the discounted stock price or hold out for a deeper discount. Still, with its ma ...

AI is the hottest thing in stocks right now. Nvidia’s (NASDAQ:NVDA) historic bull run, thanks to its AI-friendly business, is proof of this. As a result, many companies are looking to dabble in AI to capitalize off the phenomenon. However, not every such company is having such uninterrupted success as the graphic chips maker. That makes some of these companies AI stocks to sell this June.When a company’s stock starts going downhill, you need time to watch how it unfolds — preferably from a distance. That’s ...

Loading...Loading...JP Morgan analyst Reginald Smith initiated coverage on Shopify Inc SHOP with an Overweight rating and a price target of $74.As per Smith, Shopify is one of the largest publicly traded payment facilitators with a solid competitive moat that warrants a premium valuation.According to the analyst, Shopify's product breadth, ease of use, and scale are distinct competitive advantages that will continue to fuel industry-leading growth.Smith modeled 18% compounded revenue growth through fiscal 2 ...

Shares of Shopify Inc (NYSE:SHOP) are headed for their 11th consecutive daily gain, up 1.9% to trade at $64.20 at last glance, after J.P. Morgan Securities initiated coverage with an "overweight" rating and $74 price target. The brokerage cited the e-commerce giant's product breadth, ease of use, and scale as competitive advantages in the industry. The 40-day moving average appears to be keeping today's gains in check, however. Now trading at roughly the same levels it did following its early May post-earni ...

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We Are Investment Thesis Shopify's (NYSE:SHOP) has dropped 20% over the past month after a strong 1Q FY2024 earnings. This selloff was largely due to a weak forward guidance, even though revenue and EPS beat expectations in the last quarter. Unsurprisingly, the stock's premium valuation indicated high expectations going into the quarter, making it vulnerable to a weak forward guidance. In my previous analysis, I initiated a neutral rating on the stock and raised concerns that a valuation of over 10x EV/ ...

The e-commerce giants have many similarities.Both Amazon (AMZN 0.33%) and Shopify (SHOP 0.60%) are incredible businesses. Both target e-commerce spending, which has grown at double-digit percentage rates for years, and is expected to do so for years to come. When it comes to high-upside stocks, both of these companies fit the bill. But which stock has the potential to deliver the biggest profits to those who buy in today?Amazon has achieved greatness -- and that's a bit of a problemAmazon needs no introduct ...