Is Shopify Stock Going to $150? 1 Wall Street Analyst Thinks So.
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 (NYSE: SHOP). Deutsche Bank's Bhavin Shah feels that the e-commerce facilitator is standing in front of numerous opportunities to expand business. The analyst came away with quite a positive feeling about Shopify following its ShopTalk event last week. He published a new research note reiterating his buy recommendation on the stock, and his price target of $150 per share. In Shah's view, the company has clear opportunities to provide merchants with unified commerce, personalization, and other features allowing them to sharpen their competitive edges.Moreover, artificial intelligence (AI) is in high demand with many industries, including e-commerce. Shah wrote in his Shopify note that by helping clients harness AI, the company will help them enhance the general shopper experience, and assist with customer retention. Continue reading
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 (NYSE: SHOP). Deutsche Bank's Bhavin Shah feels that the e-commerce facilitator is standing in front of numerous opportunities to expand business.
The analyst came away with quite a positive feeling about Shopify following its ShopTalk event last week. He published a new research note reiterating his buy recommendation on the stock, and his price target of $150 per share. In Shah's view, the company has clear opportunities to provide merchants with unified commerce, personalization, and other features allowing them to sharpen their competitive edges.
Moreover, artificial intelligence (AI) is in high demand with many industries, including e-commerce. Shah wrote in his Shopify note that by helping clients harness AI, the company will help them enhance the general shopper experience, and assist with customer retention.
