Shopify's scale 'could rival Amazon,' says analyst [MarketWatch]
Shopify Inc. Class A Subordinate Voting Shares (SHOP)
Last shopify inc. class a subordinate voting shares earnings: 2/12 07:00 am
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investors.shopify.com/home/default.aspx
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Source: MarketWatch
Shopify's scale 'could rival Amazon,' says analyst KeyBanc Capital Markets analyst Josh Beck wrote Monday that Shopify Inc.'s SHOP, +3.83% scale "could rival Amazon" in a few years as the company rolls out new features and addresses gaps in its product offering. "We see the opportunity for payments gross margin to improve as international adoption ramps and by 2023E outline a scenario where gross merchandise volume could exceed $200 billion, rivaling Amazon's current first-party business that was ~$120 billion last year," he said. Beck is upbeat about recently announced offerings around fulfillment, currencies, and developer tools. He raised his price target on Shopify shares to $350 from $300 and maintained an overweight rating. Shares are up 2% in morning trading, and they've gained 131% so far this year. The S&P 500 SPX, -0.56% has climbed 19% in that time.
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SHOP
News
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SHOP
Earnings
- 2/13/24 - Beat
SHOP
Sec Filings
- 3/22/24 - Form 144
- 3/22/24 - Form 144
- 3/22/24 - Form 144
- SHOP's page on the SEC website