SHOP Stock Recent News

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Zacks.com users have recently been watching Shopify (SHOP) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Historically, stock market rallies have often started in October due in part to holiday spending. Shopify is the market leader in e-commerce and omnichannel commerce software.

AI stock and Shopify partner Klaviyo broke out past its first entry last week. The marketing automation provider went public in September.

Shopify is a credible challenger to Amazon, leveraging a capital-light model and untapped merchant network to scale rapidly and profitably. Shopify Capital has already extended $5.1 billion in credit, offering loans tied to merchant revenue, potentially disrupting traditional banks and venture funds. Shopify's loans, while advertised at low costs, have actual APRs between 32% and 45%, making them highly profitable and attractive to institutional investors.

With e-commerce accounting for just 16% of U.S. retail sales, Shopify has plenty of runway ahead. Exelixis is an innovative drugmaker focusing on one of the most competitive areas in the industry.

Shopify has a large market opportunity as online sales increase as a percentage of total retail sales. The e-commerce platform is growing at double-digit rates while rightsizing its business and posting profits.

Shopify (SHOP) closed the most recent trading day at $78.72, moving +0.05% from the previous trading session.

E-commerce giant Shopify Inc. NYSE: SHOP is one of those tech stocks still very much trading in the shadow of its COVID-era highs. Its story is one of an eye-watering rally and a painful, nearly 90% crash from which it's still recovering.

Redburn Atlantic upgraded Shopify and raised its price target to $99. It credited Shopify's social media integrations and innovations.