These days, Canadian tech darling Shopify (TSX, NYSE:SHOP) seems like an unstoppable force. Forget trash-talking short sellers and ignore that sky-high valuation, investors keep flocking to the e-commerce company, whose share price broke through the $210 mark for the first time yesterday. The stock’s gyrations may not be for the faint of heart, yet it’s […]

Shopify (TSX:SHOP) may have been Canada’s tech wonder-stock over the past year but there are plenty of naysayers around who see red flags, the first of which is SHOP’s sky-high valuation, says Bryden Teich of Avenue Investment Management, who argues that not only is Shopify too expensive, there’s little reason to think that positive earnings […]

After attending Shopify’s (TSX, NYSE:SHOP) Unite 2018 conference, analyst Kevin Krishnaratne from Paradigm Capital feels “as bullish as ever” on the company and its expansion plans for the e-commerce sector. In a research note to clients on Thursday, the analyst reiterated his “Buy” rating and 12-month target of C$160.00 for SHOP. At the company’s two-day […]

Following his attendance at Shopify’s (TSX, NYSE:SHOP) “Unite 2018 ” event in Toronto, Mackie Research Capital analyst Nikhil Thadani is feeling bullish about the company’s prospects. From May 7-9, Shopify hosted its partner and developer conference in Toronto. Thadani says this was a big time event that does nothing less than help put Toronto on […]