Zacks.com users have recently been watching Shopify (SHOP) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Shopify (SHOP) closed at $83.71 in the latest trading session, marking a -1.09% move from the prior day.
Shopify SHOP and BigCommerce BIGC are strong players in the e-commerce industry. While Shopify is growing its presence in the e-commerce domain by offering user-friendly tools and an extensive app marketplace, BigCommerce stands out with its robust built-in features and scalability, making it ideal for enterprises aiming for rapid growth.
The e-commerce company's CEO is requiring employees to integrate artificial intelligence into teamwork.
There's no denying it: Amazon (AMZN -3.92%) has not only been one of this century's most rewarding stock picks, but also one of the market's biggest-ever winners. Shares are up by more than 250,000% since their 1997 public offering, and that's counting the sizable pullback from January's peak.
Next month will mark the 10th anniversary of Shopify's (SHOP -6.68%) initial public offering (IPO). During this time, the Ottawa-based company has become Canada's second-largest company by market capitalization, surpassing $126 billion.
Shopify (SHOP) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
There's a stock lurking in the tech sector that has a hard-to-beat upside potential of 55%. That's the firm belief of one analyst who recently reiterated his enthusiastic buy recommendation on Shopify (SHOP 2.26%).
There's another tech giant in town.
Shopify has returned to its roots, focusing on doing what it does best, and the recent results have demonstrated that strategy. Shopify has also gained share with the higher value enterprise customers, pushing into spaces dominated by enterprise software firms. SHOP's execution is remarkable, but the stock isn't valued at a discount.
Shopify (SHOP) closed the most recent trading day at $102.52, moving -1.69% from the previous trading session.