#4 - Shopify (NYSE:SHOP)
Shopify (NYSE:SHOP) is the rogue alternative to Amazon. And while the coronavirus is taking its toll on brick-and-mortar stores, it is creating an opportunity for SHOP. Many businesses want their products listed on Amazon, but they lose control over their products. That’s not the case with Shopify.
Shopify helps large and small businesses come up with e-commerce solutions that allow them to stay in control. The stock is not cheap by traditional metrics. But when it comes to disruptive companies like Shopify some of the old rules don’t apply.
The stock is up over 10% for the year. And many short sellers were caught by surprise at the strength of the company’s last earnings report. The coronavirus will not be the end of brick and mortar, but it will force many small businesses to re-evaluate their business model. That puts Shopify in a good position to keep disrupting the e-commerce space.
About Shopify
Shopify Inc, a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.
Read More - Current Price
- $58.77
- Consensus Rating
- Hold
- Ratings Breakdown
- 18 Buy Ratings, 16 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $76.86 (30.8% Upside)
