SHOP - Shopify Inc.

NYSE - NYSE Delayed Price. Currency in USD
454.88
+3.58 (+0.79%)
At close: 4:02PM EST
Stock chart is not supported by your current browser
Previous Close451.30
Open452.73
Bid454.00 x 800
Ask454.80 x 800
Day's Range452.00 - 458.91
52 Week Range154.10 - 458.91
Volume1,830,333
Avg. Volume2,142,469
Market Cap52.694B
Beta (5Y Monthly)1.20
PE Ratio (TTM)N/A
EPS (TTM)-1.15
Earnings DateFeb 09, 2020 - Feb 13, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est379.35
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  • Shopify (SHOP) Outpaces Stock Market Gains: What You Should Know
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    Shopify (SHOP) Outpaces Stock Market Gains: What You Should Know

    Shopify (SHOP) closed the most recent trading day at $453.45, moving +1.1% from the previous trading session.

  • Benzinga

    Analyst Starts Neutral Coverage On Shopify Due To Valuation

    While Shopify Inc (NYSE: SHOP ) has strong long-term earnings growth prospects, these seem to be “fully reflected” in its current share price, according to Loop Capital. The Analyst Loop Capital’s Anthony ...

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  • Shopify Stock Hits New High After Soaring 187% In 2019  — Should You Buy?
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    Shopify Stock Hits New High After Soaring 187% In 2019 — Should You Buy?

    Shopify was a huge winner in 2019. Earnings are booming and the company plans to compete more with Amazon. But is SHOP stock a good buy now?

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  • Shopify (SHOP) Stock Moves -0.28%: What You Should Know
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    Shopify (SHOP) Stock Moves -0.28%: What You Should Know

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  • Shopify Stock: Big Rewards, Margin Pressure, Execution Risk In Fulfillment Push
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    Shopify Stock: Big Rewards, Margin Pressure, Execution Risk In Fulfillment Push

    Shopify's ambitious plan to building a U.S. distribution network could bring in $800 million in revenue while losing $200 million through 2023, estimates a Mizuho Securities analyst.

  • Benzinga

    Mizuho Says Shopify Has Attractive Fulfillment Opportunity, Investments Could Weigh On Margins

    Shopify is a leader in cloud e-commerce solutions and is well-positioned to generate robust revenue growth, especially given the favorable secular trends, Panigrahi said in the initiation note. Shopify is targeting a market that is large, estimated at around $30 billion and expected to sustain strong growth, the analyst mentioned. The recently launched Fulfillment solution enjoys synergies with the company’s products and merchant data, Panigrahi noted.

  • Three Things PayPal Stock Needs to Do to Hit $140 in 2020
    InvestorPlace

    Three Things PayPal Stock Needs to Do to Hit $140 in 2020

    As stock performances go, PayPal's (NASDAQ:PYPL) gains in 2019 were probably a disappointment for shareholders.Source: JHVEPhoto / Shutterstock.com Normally, a 29% return on any stock, let alone one of the world's leading payment processors, would be considered a success.But 2019 wasn't just any year. The S&P 500 delivered its second-best performance of the decade, up 28.9%. Furthermore, while PayPal stock gained almost 30%, it lagged the S&P 500 Data Processing & Outsourced Services Index by 15 percentage points.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn 2020, with expectations much lower for the S&P 500 and markets in general, if PYPL were to deliver a repeat performance, the stock price would close the year around $140.Here are three things PayPal needs to do in the next 12 months to ensure PYPL stock hits $140. Partnerships Have to Reap RewardsOn Dec. 30, PayPal CEO Dan Schulman announced the company was expanding its partnership with Latin America's biggest e-commerce marketplace, Mercadolibre (NASDAQ:MELI), a stock I've long favored. * 8 of the Strangest Stocks Worth Your Time In March 2019, as part of a $1.8 billion equity offering by Mercadolibre to expand and grow its e-commerce business, PayPal invested $750 million in the Argentinian company. "Digital commerce in Latin America is experiencing tremendous growth and MercadoLibre is well-positioned for continued leadership," Schulman said at the time. "We've been impressed with the digital commerce and payments ecosystem Marcos [Galperin, MELI CEO] and his team have built."However, that was just an investment.2019's end-of-the-year announcement expands the relationship to include PayPal as a payment option for online checkout via Mercado Pago in Brazil and Mexico. In addition, PayPal will be accepted in the MercadoLibre marketplace in Brazil and Mexico for cross-border purchases.As a result, PayPal's 300 million customers can now use the payment processor to buy stuff online in two of Latin America's largest commercial markets.I said in November that if you could afford to buy both PYPL and MELI, you should. Based off December's announcement, I would double down on that sentiment.In the year ahead, I want to see tangible progress from this partnership. If we do, PayPal's valuation multiples could start to creep higher, a necessity if PYPL stock is to hit $140, let alone $200. Additional Revenue Streams for PYPLPayPal announced Jan. 6 that it had completed the $4 billion purchase of Honey, a Los Angeles-based digital shopping and rewards platform."The addition of Honey to our platform enables a significant step forward in our commitment to provide powerful services and tools for merchants and consumers, move beyond our core checkout proposition and significantly enhance the shopping experience for our 300 million consumers and merchants," Schulman stated in a company release. Whether we're talking about PayPal, Square (NYSE:SQ), Shopify (NYSE:SHOP), or any of the other fintech companies participating in and around e-commerce, they all want to offer as many products or services to merchants and customers as they possibly can.The Holy Grail of e-commerce is to become a one-stop shop for merchants and buyers alike. We're not there quite yet, but moves like acquiring Honey bring PayPal that much closer. Business Insider contributor Mike Jaconi said it best in a Jan. 7 opinion piece:"When it comes to loyalty, every company, from multi-billion-dollar businesses like Amazon to your favorite mom-and-pop coffee shop, wants to do the same thing: Convince you to come to them first -- and not their competitors -- as frequently as possible."Honey's entire business model is built on driving commerce. Now, not only can Honey influence what people buy, but it can also influence how they buy those products.That's huge. In 2020, I'll be watching Honey's overall effect on PayPal stock. Continue to Monetize VenmoOne of the things Sanford Bernstein analyst Harshita Rawat would like to see from PayPal in 2020 is further monetization of Venmo, its peer-to-peer payment system. Toward the end of 2019, reports surfaced that Venmo was losing users to Square's Cash App, a sign that the stakes might be higher for PayPal in 2020. According to Macquarie analyst Dan Dolev, Cash App is doing well in Venmo strongholds such as New York, California and Massachusetts. Up until now, Venmo's owned the markets on both coasts, with Cash App ruling in the South and Midwest. However, with new features being introduced such as commission-free stock trading, Cash App is getting the attention of new user demographics, forcing Venmo to keep pace.In the year ahead, I'm not so concerned with the monetization of Venmo as I am about user base losses. Square is catching up, and while I like both stocks, that ought to be a big concern for PYPL shareholders. The Bottom Line on PayPal StockIn 2019, Square stock was soundly beaten by PayPal. In 2020, I think the battle between the two payment processors is going to be a lot closer. Who will win? I couldn't tell you. Long-term, I like PYPL stock. But if PayPal takes care of these three issues, I think it's got a shot at hitting $140.At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 of the Strangest Stocks Worth Your Time * 7 Stocks to Buy That Trump's Tax Cut Truly Rewarded * 5 Stocks That Could Double in 2020 The post Three Things PayPal Stock Needs to Do to Hit $140 in 2020 appeared first on InvestorPlace.

  • 7 Stocks to Buy That Could Double for a Second-Consecutive Year
    InvestorPlace

    7 Stocks to Buy That Could Double for a Second-Consecutive Year

    If you're looking for stocks to buy to double your money in 2020, you might want to look beyond the S&P 500.Don't get me wrong. The S&P 500's total return of 28.9% in 2019 was one of the best performances the index has seen in decades.However, a quick screen shows that only a few S&P 500 stocks doubled over the past year. But, if you broaden the search to include all U.S.-listed stocks with market caps exceeding $2 billion, the number of stocks doubling in value in 2019 jumps dramatically to over 70.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBroken down by sector, healthcare and technology stocks had the best results in 2019 -- with 29 and 38 doubling over the past year, respectively. The remaining seven sectors had between three and eight stocks double in 2019. * 7 Stocks That Are Screaming Buys Right Now Of the more than 70 stocks that doubled year to date, here are seven stocks to buy as of Jan. 2 that I believe will deliver a repeat performance in 2020. Stocks to Buy: Shopify (SHOP)Source: Jirapong Manustrong / Shutterstock.com Shopify (NYSE:SHOP), what I consider to be one of Canada's best tech stocks, gained 187% in 2019.As the e-commerce platform's stock went higher in 2019, the number of stories that appeared recommending shorting SHOP stock increased dramatically. Currently, Shopify has 4.72 million shares short, which is a lot until you consider that it only takes two days to cover based on its average daily volume -- making a short squeeze very difficult to pull off.As I stated in November, as long as Shopify's monthly recurring revenue (MRR) continues to grow by double-digit percentages, it will continue to deserving of a growth-company valuation. MRR grew by 41.4% and 33.8% over the past two years.More importantly, it took Shopify 19 months to go from 600,000 subscribers to 1 million subscribers. At 25% compound annual growth, Shopify ought to hit 2 million subscribers by the end of 2022.Another reason to like Shopify's chances of doubling for a second-consecutive year is that CEO Tobias Lutke doesn't believe in spending all day and night at work."I'm home at 5:30 pm every evening. My job is incredible, but it's also just a job. Family and personal health rank higher in my priority list," Lutke tweeted recently. Roku (ROKU)Source: Fozan Ns / Shutterstock.com If you bought Roku (NASDAQ:ROKU) at the end of 2018, you're sitting pretty early in 2020. The stock rose 337% throughout 2019.While it's doubtful that ROKU stock will deliver a repeat performance in 2020, I think the odds are high that it will generate 100%-plus returns over the next year. I believe it will continue to grow its international business while also improving its advertising platform.In my eyes, Roku was a "Stock of the Year" candidate in 2019 because it continued to grow the number of active accounts and streaming hours from those accounts. In the third quarter, Roku increased the average hours streamed per account by 22% to 318.9.As long as it continues to remain a relatively neutral aggregator of TV shows and movies through the Roku platform and Roku Channel, I don't see anyone taking market share from the company. * 9 Boring Stocks to Buy You Should Never Let Go Of I would suggest that given Roku's volatility, you put aside some cash to buy some more ROKU stock when it experiences a correction in the next year. In September 2019, ROKU lost around 40% of its value in less than a month. StoneCo (STNE)Source: Shutterstock When I think of the name StoneCo (NASDAQ:STNE), for some reason, I think of a paper business. Perhaps it's that whole rock, paper, scissors thing.Anyway, StoneCo isn't a paper company, but a Brazilian payment processing stock that's 4.3% owned by Warren Buffett and Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B).How's that for an endorsement?In 2019, StoneCo's stock gained 116% thanks to double-digit growth in both revenues and profits. In Q3 2019, revenues and adjusted net income increased by 62% and 126% year-over-year, respectively.The company operates in Brazil, where the economy and currency are on the mend. And, digital payments through debit and credit transactions account for just 40% of all transactions in the country -- suggesting that StoneCo's growth trajectory is very healthy.In addition to processing payments, just like Square Capital does, StoneCo loans money to small- and mid-sized customers. In the third quarter, outstanding loans increased by 333% to 13,000.I continue to favor disruptive companies. Especially in emerging markets such as Brazil, where the penetration is so much lower than in North America and Europe. Universal Display (OLED)Source: Daniel Pieterson / Shutterstock.com You can't keep a good stock down.In November 2018, I recommended investors buy Universal Display (NASDAQ:OLED) stock on the dip. OLED had lost almost 42% of its value through the first 10 months of 2018. Since then, it's up 97%, with all of the gains coming in 2019.In 2013, I recommended buying Universal Display as one of five stocks to buy for the next 20 years. My rationale was simple: OLED stands for organic light-emitting diode. It had more than 3,000 patents related to display technologies for flat-panel TVs, smartphones, etc. It licenses its technology to manufacturers of these products.At the time, digital displays were transitioning from LED to OLED; Universal Display was the industry leader. Therefore, it was a no-brainer. As companies such as Apple (NASDAQ:AAPL) moved to make their own displays, investors started to get nervous about growth. * 7 Industrial Stocks to Buy for a Strong New Year However, if the company's latest quarterly report is any indication, OLED's got plenty of gas left in the tank in 2020 and beyond. Generac Holdings (GNRC)Source: Lissandra Melo / Shutterstock.com In 2019, Generac Holdings (NYSE:GNC) delivered a total return of 102%, with almost one-third of the gains coming in the final three months of the year.The tail end of Hurricane Dorian hit Halifax, Nova Scotia, where I live, in September -- knocking out power for most of the province. Ever since then, I've paid close attention to Generac's TV advertisements promoting its residential generators.Although you could hardly mistake Generac for Roku or Shopify, it still managed to deliver record-breaking net sales and adjusted EBITDA in the third quarter. Residential sales jumped 7.4% on higher demand for the company's residential units.As North America's electrical grid ages, the number of power outages increases. Clearly, I'm not the only person noticing Generac's products on TV. And, as a result, Generac's raised its sales growth for the entire fiscal year.Generac doesn't pay a dividend. However, if its residential unit in the U.S. continues to grow in the high single digits, there will be more than enough capital appreciation to keep shareholders happy. Yeti Holdings (YETI)Source: David Tonelson / Shutterstock.com Yeti Holdings (NYSE:YETI) is your typical rags to riches entrepreneurial story.Brothers Roy and Ryan Seiders founded the company in 2006 in Austin, Texas. The two outdoorsmen were frustrated with the quality of hard coolers on the market. By utilizing advanced manufacturing techniques and forward-thinking design, the duo came up with the Yeti cooler, an indestructible product that put other coolers to shame. From there, the brothers moved on to other outdoor products, and the rest, as they say, is history.In 2012, the brothers agreed to sell 70% of the company to New York City-based private equity firm, Cortec, for $67 million. When Yeti went public in October 2018 at $18 per share, some stories circulated at the time that suggested Cortec could reap as much as $3.3 billion from the IPO.I've looked all through its IPO documents and fail to see that much largesse.Nonetheless, all of the stakeholders, including the Seiders brothers, have benefitted greatly over the past seven years. And those that bought in IPO shares and are still holding gained 134% in 2019 alone.In October, I recommended YETI stock because the company's direct-to-consumer business is growing by leaps and bounds. * 5 Stocks to Consider for the New Year Private equity firms often are bad news for consumer brands. In the case of Cortec, that wasn't the case. In 2020, expect Yeti to maintain its growth trajectory. Cannae Holdings (CNNE)Source: Shutterstock Cannae Holdings (NYSE:CNNE) generated a 2019 return of 117%.Who is Cannae Holdings?It is the not-so-new name for Fidelity National Financial Ventures, the non-real estate investment vehicle of Fidelity National Financial (NYSE:FNF) -- one of the biggest providers of title insurance in the U.S.What does Cannae own today?Its most significant investment is in Ceridian HCM Holdings (NYSE:CDAY), a human capital management company run by Canadian CEO David Ossip. I first recommended CDAY stock in May 2018, calling it "one of the best up-an-coming stocks to own on the NYSE." CDAY is up 105% in the 20 months since. Cannae recently sold 9 million shares at nearly $57 each. It still owns 28.7 million shares or 20% of the company.In February 2019, in conjunction with other investors, Cannae acquired Dun & Bradstreet for $6.5 billion, including the assumption of $1.1 billion in debt. In the take-private acquisition, Cannae invested $506 million in return for 24.5% of D&B's outstanding equity. In addition to these two extensive holdings, it also has a few smaller investments -- including a controlling stake in the O'Charley's, Village Inn and Ninety Nine Restaurants & Pubs.Chairman Bill Foley II is known to be one of the better capital allocators in America.At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks to Buy to Kick Off the New Year * 7 Buyout Targets to Watch For 2020 * 9 Boring Stocks to Buy You Should Never Let Go Of The post 7 Stocks to Buy That Could Double for a Second-Consecutive Year appeared first on InvestorPlace.

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    The Zacks Analyst Blog Highlights: JPMorgan, Sanofi, General Electric, American Electric Power and Shopify

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  • Despite Narrow Marketplace Focus, Etsy Stock Has Crafty Potential
    InvestorPlace

    Despite Narrow Marketplace Focus, Etsy Stock Has Crafty Potential

    Among the newer generation of internet marketplace stocks, Etsy (NASDAQ:ETSY) is one of the more mature names. The company went public almost five years ago and was in business for a decade prior to that.Source: quietbits / Shutterstock.com Despite its tenure, Etsy has fallen behind marketplace rivals such as Shopify (NYSE:SHOP) and share price performance reflects as much. Amid expectations of slowing growth, Etsy stock stumbled to a 7% loss in 2019 while the S&P 500 and other broader benchmarks surged. Shopify more than tripled.Etsy's 2019 performance is disappointing when considering the strength of the U.S. consumer and economy. The company matches buyers and sellers in areas like clothing, jewelry and vintage items. And it collects a fee on those transactions.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe stock even tumbled following a solid third-quarter earnings report, in which the company revealed sales growth of 30% and raised gross merchandise sales (GMS) and revenue guidance. Typically, upbeat guidance should be rewarded by investors. But that wasn't the case for Etsy stock. The negative reaction puts pressure on the fourth-quarter earnings update and 2020 guidance to be spectacular."During the third quarter we launched several transformative initiatives to serve as the building blocks for long-term, sustainable growth," Etsy CEO Josh Silverman said in a statement. "… We are just beginning to see the impact of these initiatives, which we believe further our competitive advantages and will have a more meaningful contribution to our results in 2020 and beyond." Headwinds and OpportunityPerhaps the two biggest hurdles Etsy faces in 2020 are convincing investors last year's GMS and sales growth is somewhat sustainable and prompting market participants to pay up for that growth. That's another way of saying that almost 46 times this year's earnings and 7 times sales, Etsy isn't inexpensive. * 9 Boring Stocks to Buy You Should Never Let Go Of The good news for Etsy is that many of its customers are constantly shopping. Plus, the housing market is strong. The iShares U.S. Home Construction ETF (BATS:ITB) jumped almost 49% last year. And millennials -- a core Etsy demographic -- are entering the home-buying arena in force. The online marketplace operator stands to benefit.While Etsy stock has its critics on Wall Street, it has supporters, too, including RBC Capital analyst Mark Maheny.Maheny likes the 2020 outlook "for the stock given a large, loyal, and growing community of buyers and sellers and multiple growth initiatives, including free shipping, advertising, and product improvements," reports Barron's.The average analyst price target on Etsy is just over $65, but the stock closed barely under $45 on Friday. So something has to give. Either analysts lower their price forecast or the stock starts marching closer to the current consensus target. Bottom Line: Etsy Stock Is UnderappreciatedEtsy isn't as big as some of the aforementioned names and doesn't have the sizzle markets have ascribed to Shopify. But the Brooklyn-based company does have some important factors in its favor. Notably, this isn't some ultra-expensive, nowhere-close-to-profitable internet unicorn.Etsy was actually cash flow positive in the third quarter and ended that period with $856.7 million in cash or cash equivalents. Plus, the company is buying back its own stock, something that mature, financially sound companies do.After repurchasing $2.8 million of its own shares, Etsy may want to consider buying more of its stock before it rallies too much. Another repurchase would serve as an avenue for boosting earnings. Investors may want to follow suit.As of this writing, Todd Shriber did not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks to Buy to Kick Off the New Year * 7 Buyout Targets to Watch For 2020 * 9 Boring Stocks to Buy You Should Never Let Go Of The post Despite Narrow Marketplace Focus, Etsy Stock Has Crafty Potential appeared first on InvestorPlace.

  • MoneyShow

    Top Picks 2020- Shopify SHOP

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  • Analyst: 3 Predictions for Internet Stocks in 2020
    TipRanks

    Analyst: 3 Predictions for Internet Stocks in 2020

    The clock is ticking down on 2019, and you know what that means: It's time for Wall Street analysts to tempt fate, clamber out on limbs, and make predictions about what will happen in 2020.Unable to overcome the temptation, Rosenblatt internet analyst Mark Zgutowicz joined the parade of prognosticators, with a few predictions about Facebook, Spotify, and Shopify, too. Here's what he had to say:Facebook (FB)2019 saw presidential candidates Elizabeth Warren and Bernie Sanders (and even Facebook co-founder Chris Hughes) publicly call for breaking up Facebook to reduce its monopoly power in social networking -- but Zgutowicz doesn't think it will happen. Not in 2020, at least. What might happen under a Warren Administration is anybody's guess.Why not? Zgutowicz quotes FTC Chairman Joseph Simons, who has publicly mused that justifying breaking up Facebook for alleged anti-competitive behavior might require the FTC to prove that, absent Facebook's acquisition of Instagram and/or WhatsApp, one or the other of those entities would eventually have "develop(ed) into something that actually could challenge the Facebook platform."If predicting the future is hard, proving that something that never happened would have happened in an alternate timeline seems nigh on impossible. Accordingly, Zgutowicz's view is that concerns over Facebook's breakup will fade as 2020 progresses, allowing Facebook stock in 2020 to resume its historical average valuation of anywhere from 40% to 50% more than the S&P 500's P/E ratio. Hint: At 33 times earnings today, the stock's valued "only" about 35% higher than the rest of the index.Zgutowicz rates FB stock a "buy" along with a $242 price target, which implies about 18% upside from current levels.As the case with most tech companies, Wall Street is extremely optimistic on Facebook. Of 33 analyst ratings tracked by TipRanks, 29 are bullish on the social giant's stock, showing a consensus Strong Buy rating. The 33 analysts have an average price target of $237.70, which represents a 16% upside to the stock. (See Facebook stock analysis at TipRanks)Spotify (SPOT)Citing "synergies" between the music and video businesses, as evidenced by Spotify's occasional promotions offering joint subscriptions to its own music offerings and Hulu's streaming video fare, Zgutowicz predicts we'll see Spotify seek out more such partnerships in the new year.As the analyst points out, Spotify has "30M+ sticky US" paid subscribers -- and "nearly 120M" paying customers worldwide. That captive audience may prove irresistible to streaming video companies such as AT&T, YouTube, Netflix and others, leading them to approach Spotify and with offers to bundle their own video content with Spotify's music subscriptions -- benefitting both parties, and customers besides.As such alliances bear fruit, Zgutowicz sees Spotify shares climbing more than 22% as the year progresses, ending at a target price of $184 per share.Wall Street backs Zgutowicz's bullish bite into the music streaming giant. Out of 15 analysts polled by TipRanks in the last 3 months, 10 are bullish on Spotify stock, while 5 remain sideliend. With a return potential of nearly 11%, the stock's consensus target price stands at $166.40. (See Spotify stock analysis at TipRanks)Shopify (SHOP) Another stock winning "buy" ratings from Rosenblatt is Shopify, which Zgutowicz assigns a price target of $481 a share. Although it's name sounds similar to Spotify, Shopify isn't in the music business, but rather in the business of helping small merchants open and operate storefronts on the internet.Key to the company's success in 2020, says Zgutowicz, is the rollout of its Shopify Fulfillment Network (SFN), which aims to assist e-tailers in shipping goods to their customers by building out a network of fulfillment centers powered by machine learning algorithms to speed delivery. The analyst says there's "pent-up merchant demand" for this service which should help it to rocket out of the gate once it's up and running in late 2020.Zgutowicz predicts that by year-end, 12% of Shopify's North American revenue will be coming from SFN, driving 21% gains for the stock. By 2025, this brand new service could be providing fully half of Shopify's revenues in this key geographic region -- so you can expect years of gains to follow a blockbuster year in 2020.According to TipRanks, a company that tracks and measures the performance of analysts, the consensus on Wall Street is that SHOP stock is a “moderate buy” for investors. But TipRanks might as well have said “sell” — because analysts, on average, think the stock could slightly fall in the next few months. (See Shopify stock analysis at TipRanks)To find good ideas for internet stocks trading at fair value or better, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

  • Benzinga

    Rosenblatt's 2020 Tech Predictions: Facebook Stays Intact, Spotify Partners With Video Platform, Shopify Ramps Fulfillment Revenue

    The SPDR S TR/S&P INTERNET ETF (NYSE: XWEB ) has gained about 9% year-to-date, underperforming the Nasdaq Composite Index, which has soared about 34% in the same period. Given the catching up the subsector ...

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    Schaeffer's Investment Research

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  • The 4 Catalysts That Will Push Facebook Stock Above $250 in 2020
    InvestorPlace

    The 4 Catalysts That Will Push Facebook Stock Above $250 in 2020

    On the heels of a rough 2018 wherein the company's data-privacy practices were widely scrutinized and its core business model was threatened, social media giant Facebook (NASDAQ:FB) has staged a huge rebound in 2019.Source: Ink Drop / Shutterstock.com Year-to-date, Facebook stock is up an impressive 60% as those aforementioned data-privacy criticisms have largely faded, while the company's core business has regained lost momentum. These big gains for Facebook stock will continue in 2020. * 6 Transportation Stocks That Are Going Places Specifically, I think there are four big growth catalysts which will push Facebook stock about 40% higher in 2020, to an all-time high price tag of $275.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhat are those four big catalysts? Let's take a deep dive into each one of them. Catalyst 1: Digital Ad Business Sustains Big MomentumThe first catalyst that will help Facebook stock hit $275 in 2020 is sustained healthy momentum in the company's core digital ad business. There are a few underlying drivers here.First, digital ad market conditions will improve in 2020, as easing geopolitical tensions spark a rebound in corporate capital spending plans, of which digital advertising is a sizable chunk. Second, the core Facebook and Instagram properties will win more ad dollar share as management more deeply and optimally integrates ads into Facebook and Instagram Stories. Third, the Messenger and WhatsApp communication platforms will start to roll out ads through their feeds and stories, and new ad revenue from these platforms will push the company's overall revenue growth trajectory higher.Facebook's core digital ad business will go from slowing in 2018 and 2019, to stabilizing in 2020. Digital ad growth stabilization will provide a boost to near-term investor sentiment, while improving the company's long-term growth prospects. Catalyst 2: E-Commerce Initiatives Gain Notable TractionThe second big catalyst for Facebook stock in 2020 relates to the company's big e-commerce push. Specifically, through various initiatives like Facebook Pay and Instagram Shopping, Facebook is trying to make a big push into the e-commerce game. Such initiatives have yet to gain notable traction.That will change next year. Because of big growth in influencer culture, there has been a steady rise in consumer proclivity to shop through social channels. At the same time, Facebook is just now partnering with Shopify (NYSE:SHOP) and rolling out native payment options to seamlessly turn this increased proclivity into consumer action.All of these trends will converge in 2020. This will cause Facebook's e-commerce initiatives to finally gain notable traction. As they do, investors will grow more optimistic about the long-term potential of Facebook's e-commerce business. This optimism boost will provide support for further gains in Facebook stock. Catalyst 3: Analysts Hike Forward Profit EstimatesThe third big catalyst for Facebook stock in 2020 will come from Wall Street analysts.After Facebook reports one or two strong quarters in 2020 with digital ad growth stabilization and an impressive e-commerce ramp, sell-side analysts will grow increasingly bullish on the company's medium- to long-term profit growth prospects. They will increase forward profit estimates, reiterate "buy" ratings on the stock, and hike their price targets.All of this favorable sell-side activity will provide Facebook stock with even more firepower to head higher over the next twelve months. Catalyst 4: Facebook Stock's Multiple ExpandsThe fourth big catalyst for Facebook stock in 2020 is underlying multiple expansion, from increasingly positive investor sentiment and low interest rates.Facebook stock presently trades at 24-times forward earnings. That's a pretty cheap multiple for a company that projects to grow revenues and profits by 20%-plus for the next several years. This discounted valuation is a byproduct of investor concerns with respect to the sustainability of big growth in the company's digital ad business. In 2020, those sustainability concerns will fade as the digital ad business stabilizes, which should spark expansion in the stock's earnings multiple.At the same time, interest rates will likely remain lower for longer. In that environment, growth stocks with improving sentiments should generally benefit from multiple expansion, as low interest rates provide support for extended growth valuations. Bottom Line on FB StockThanks to stabilizing trends in its digital ad business, improving trends in its e-commerce business, bullish sell-side analyst activity, and a favorable valuation backdrop, Facebook stock should repeat on its 2019 successes in 2020.The numbers here imply that $275 is doable for Facebook stock by the end of next year. Fiscal 2021 earnings per share estimates presently sit just shy of $11. When all is said and done -- after Facebook reports big growth quarter after big growth quarter in 2020 -- fiscal 2021 EPS estimates will likely be north of $11.At the same time, Facebook's forward earnings multiple might climb back up to more historically normal levels of around 25. That combination of a 25-times forward earnings multiple and $11 in 2021 EPS implies a 2020 price target for Facebook stock of $275.Thus, I don't think the big winning in Facebook stock is over. On the contrary, it may just be getting started.As of this writing, Luke Lango was long FB and SHOP. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 6 Transportation Stocks That Are Going Places * 5 Bold Stock Market Predictions for 2020 * 3 Beer Stocks to Own Heading Into New Year 2020 The post The 4 Catalysts That Will Push Facebook Stock Above $250 in 2020 appeared first on InvestorPlace.

  • Dow Jones Futures: Five Stocks That Doubled In 2019 Are Near Buy Points As Market Rally Rolls Into 2020
    Investor's Business Daily

    Dow Jones Futures: Five Stocks That Doubled In 2019 Are Near Buy Points As Market Rally Rolls Into 2020

    Dow Jones futures: As the stock market rally heads into 2020, five of 2019's biggest winners are near new buy points: Shopify, Coupa Software, Crispr Therapeutics, Inphi, SolarEdge.

  • Real Matters’ 282% Rally Leads Canadian Stocks This Year
    Bloomberg

    Real Matters’ 282% Rally Leads Canadian Stocks This Year

    (Bloomberg) -- With two trading days left until the end of the year, Canada’s benchmark stock index is on pace for its best run in a decade.After hitting 59 fresh highs, the S&P/TSX Composite Index has climbed about 20% this year, weathering everything investors could throw at the market: volatile commodity prices; the unpredictability of U.S.-China trade tensions; Canada’s fractious federal election; heightened recession fears and persistent profit concerns.Here’s a look at some of the biggest winners and losers in Canada’s equity market this year.Investor DarlingReal Matters Inc., a provider of network services for the mortgage and insurance industries, is the biggest gainer so far this year with a 282% surge. The rally has pushed the Markham, Ontario-based company’s market value beyond the C$1 billion ($819 million) mark. Last month, National Bank Financial upgraded the stock to outperform and said it “did not give enough respect to the correlation of Real Matters business with the market volumes for mortgages.”The rotation from value to growth this year has been good for tech stocks, making them the country’s best performing group by a mile. The S&P/TSX Info Tech Index has gained more than 65% this year, adding about C$58 billion ($45 billion) in value.Shopify Inc., the subject of some takeover speculation, is up 183% so far in 2019, the top tech stock and the second-best overall performer on the broader index. Investors have rewarded the Ottawa-based company’s rapid sales growth and its plans to spend $1 billion to set up a network of fulfillment centers in the U.S. In October, Shopify reported an unexpected quarterly loss which may have tempered sentiment. Co-founder and chief executive officer Tobi Lutke took to Twitter on Boxing Day to share his thoughts on his company’s success:The tech gauge makes up about 6% of the TSX Index but only contains 10 stocks, leading tech-starved investors to turn to newly-listed Lightspeed POS Inc., which boasted Canada’s second-biggest IPO this year and the biggest offering by a Canadian tech firm in almost nine years. The stock has gained 93% this year, making it the second best tech stock on the TSX.The PariahThe investor frenzy that characterized the cannabis industry in 2018 quickly faded this year as companies missed earnings expectations and the regulatory landscape proved to be more difficult than expected. Canada’s healthcare index, primarily made up of marijuana companies, is the worst performer this year, and the only one in the red.Aurora Cannabis Inc., the biggest loser on the TSX, has wiped out C$4 billion in market value in 2019 as it tempered plans to achieve sustained earnings before interest, taxes, depreciation and amortization in the quarter ended June 30. The Edmonton, Alberta-based firm reported an adjusted Ebitda loss of C$39.7 million for the quarter ended Sept. 30.Gatineau, Quebec-based Hexo Corp. came in a close second, erasing about half its value this year. The company cut almost a quarter of its workforce weeks after saying it wouldn’t meet revenue guidance this year or next. Last week, beleaguered Hexo announced a share shale at a “massive” discount that sent the stock tumbling yet again.Pot exchange-traded funds in the U.S and Canada have also suffered: ETFMG Alternative Harvest ETF has slumped 57% since its March peak and the Horizons Marijuana Life Sciences ETF has plunged more than 63%:Also RansSo what’s left? Here’s a look at some of the other main moves this year:Ballard Power Systems Inc. jumped 177% so far this year as it announced a technology breakthrough that replaces most of the high-cost platinum used in earlier designSNC-Lavalin Group Inc. has slumped about 34% despite staging a late comeback as it settled a fraud charge related to bribes paid in Libya a decade ago.Miners have climbed more than 20% in 2019 as the price of gold and silver rose. Canadian energy stocks eked out a 22% gain this year, quietly outperforming their U.S. counterparts as a chorus of positive outlooks on the sector to the north continues.Markets -- Just The NumbersChart of The WeekEconomyCanada’s economy contracted in October for the first time in eight months, missing economist estimates for a flat reading, as the United Auto Workers strike in the U.S. weighed on plant production.Fewer Canadian small and mid-size firms intend to make capital expenditures in the next three months, according to a monthly industry survey by the Canadian Federation of Independent Business.Next up, Markit Canada manufacturing PMI for December is due on Jan. 2.TrendingInCanadaAfter Canadian broadcaster CBC cut out Donald Trump’s cameo in “Home Alone 2: Lost in New York,” the U.S. President took to Twitter, suggesting Canadian Prime Minister Justin Trudeau may have had something to do with it. CBC said on Friday the edits to the film were made in 2014, before Trump became president, to add for more commercial time.Click here for our daily Social Media Buzz newsletter.To contact the reporter on this story: Divya Balji in Toronto at dbalji1@bloomberg.netTo contact the editors responsible for this story: Kyung Bok Cho at kcho7@bloomberg.net, Chris Fournier, Carlos CaminadaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.