Wells Fargo analyst Jeff Cantwell launched global coverage of the payments and fintech sector with a bullish stance. He saw a $1.5 trillion annual revenue opportunity for fintech companies globally and expects 6 percent yearly growth over the ensuing decade. Cantwell initiated Shopify Inc. with an Overweight rating and an $834 price target (18.2 percent upside). After the recent…
Analysts Slash Price Targets on Shopify
Analysts slashed their price targets on Shopify Inc. post Q4 results over international expansion and recalibrated investments. Jefferies analyst Samad Samana lowered the PT to $1,350 from $1,800 (80.8 percent upside) and reiterated a Buy. Shopify’s guidance commentary implies a return to pre-COVID GMV seasonality and that its operating and capital expenses will “ramp dramatically over the next several…
Shopify Forecasts Slowing Revenue Growth, Shares Fall
Canada’s Shopify Inc. on Wednesday forecast a slowing pace in first-half revenue growth, indicating the e-commerce boom seen during the pandemic is cooling as retailers shift their focus back to brick-and-mortar stores from online. U.S.-listed shares of the company were down about 6 percent in trading before the bell. Ottawa-based Shopify—which helps merchants set up…
Wedbush Is Bullish on Shopify, Thanks to Apple
Wedbush analyst Ygal Arounian lowered the price target on Shopify Inc. to $1,270 from $1,296 and reiterated an Outperform rating on the shares. The price target implies an upside of 42 percent. The analyst expects Shopify to report strong results in Q4, with more robust growth earlier in the quarter, offsetting slower overall BFCM and December spending. Questions around Apple…
Banks Beware, Outsiders Are Cracking the Code for Finance
LONDON—Anyone can be a banker these days, you just need the right code. Global brands from Mercedes and Amazon to IKEA and Walmart are cutting out the traditional financial middleman and plugging in software from tech startups to offer customers everything from banking and credit to insurance. For established financial institutions, the warning signs are…
Adobe Jumps Into E-commerce Payments Business in Challenge to Shopify
Adobe Inc on Wednesday said it will add payment services to its e-commerce platform this year to help merchants accept credit cards and other ways of paying, deepening a rivalry with e-commerce firm Shopify Inc. Adobe started providing software to help retailers run their online stores in 2018 when it purchased Magento Commerce from private…
Stripe, Shopify Join Companies Taking Action Against Trump Campaign, Organization
Stripe and Shopify have joined the group of companies that have taken action against President Donald Trump, his campaign, and his business. Stripe, a payment processing company, told news outlets that it won’t process payments for Trump’s campaign because of the Jan. 6 U.S. Capitol breach. According to Stripe’s website, it doesn’t allow certain groups…
Stripe, Shopify Join Companies Moving Against Trump Campaign, Organization
Stripe and Shopify have joined the group of companies that have moved against President Donald Trump, his campaign, and his business. Stripe, a payment processing company, told news outlets that it won’t process payments for Trump’s campaign because of the Jan. 6 U.S. Capitol breach. According to Stripe’s website, it doesn’t allow certain groups of…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`