Ultimate magazine theme for WordPress.

BTC
$9,251.93
+0.89%
ETH
$269.96
+0.76%
LTC
$132.47
-1.83%
DASH
$161.35
+2.3%
XMR
$97.74
+1.2%
NXT
$0.04
0%
ETC
$8.73
+0.25%
DOGE
$0.00
-0.9%
ZEC
$104.65
+10.69%
BTS
$0.06
0%
DGB
$0.01
-0.48%
XRP
$0.45
+4.7%
BTCD
$23.24
PPC
$0.43
CRAIG
$0.00
XBS
$0.02
0%
XPY
$0.05
0%
PRC
$0.01
0%
YBC
$25.91
0%
DANK
$0.00

Shopify Shares Gain Baird Raises Stock Price Target to $208 From $188

341

Shopify (SHOP) shares rose as much as 1.7% in Friday trading after Baird raised the price target of the e-commerce platform operator to $208 from $188.

- Advertisement -

“Our latest checks suggest Shopify continues to consolidate share,” Baird wrote in a research note.

The analyst said the consolidation happens despite intensifying competitive concerns from Adobe (ADBE), Facebook/Instagram (FB), Microsoft (MSFT), Salesforce (CRM), and Square (SQ), adding he believes it will take years and significant investment for others to catch up.

“While we would not dismiss the risks/opportunities for any of these companies, we note that Shopify’s platform required >$1 billion in R&D and marketing investment just over the past four years, and remains differentiated from current alternatives,” the analyst wrote.

Just-released report names Cannabis Stock of the Year for 2019! Their last pick has seen a +1,200% return since he released it!

This stock has all of the makings of the next great cannabis stock – early-mover advantage, international exposure and influential partnerships, plus it has a product that is unlike anything else on the market…

You will also receive a free, weekly newsletter to stay on top of the latest industry trends, read analysis on promising cannabis stocks, and more. Click here to receive your Free Report immediately!

Shopify shares were trading at $195.9, up 0.6%, at 2:15 p.m. ET in New York on Friday. The stock has advanced more than 41% since the beginning of the year, outperform the S&P Index that has gained more than 15%.

Comments