20:20:46 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Shopify Inc
Symbol SHOP
Shares Issued 104,518,173
Close 2020-01-28 C$ 615.42
Market Cap C$ 64,322,574,028
Recent Sedar Documents

Globe says Krishnaratne keeps Shopify at "buy"

2020-01-29 08:13 ET - In the News

The Globe and Mail reports in its Wednesday, Jan. 29, edition that Paradigm Capital analyst Kevin Krishnaratne is sticking with his "buy" on Shopify while hiking his share target to $500 from $400 (all figures U.S.). The Globe's David Leeder writes that analysts on average target the shares at $400.69. Mr. Krisharatne says in a note: "Shopify was by far the standout Canadian tech stock outperformer of 2019, with the stock up 187 per cent. Momentum in shares has continued into 2020 with SHOP up 13 per cent year-to-date. In 2019, the company continued to post quarterly beats, more meaningfully grew its Plus and International businesses, and introduced plans to launch the Shopify Fulfillment Network (SFN) in an effort to help merchants level the playing field with Amazon and its fast delivery times across the continental U.S. Shopify also made its largest acquisition ever for Boston-based Six River Systems, a robotics company founded by the team that started Kiva Systems, which Amazon subsequently acquired in 2012 and now forms the base of the e-commerce giant's warehouse robotics services. While valuation remains the top question for the stock in 2020, we remain bullish on the company's prospects."

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