Shopify shares traded as high as $549.85 on the TSX and one analyst says the stock still has more room to grow
Shares of Shopify Inc. touched a new all-time high Tuesday, as the Ottawa-based tech company continued to work its way back into investors’ good books after a swoon in late 2019.
But since the stock bottomed out in early November, it has rallied back to regain all of those losses. As of today Shopify is the tenth largest company on the TSX by market capitalization at around $62 billion, just behind the Bank of Montreal but ahead of BCE Inc. at $54 billion. In a research note last week, Tse said he expects it’ll be 2021 before the company starts seeing serious revenue from merchants using the fulfillment network, but by next year it could drive incremental revenue growth of roughly $500 million.
His analysis found such a move would require approximately 270,000 autonomous robots, at a cost around $12,000 each.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
American Airlines reaches settlement with Boeing for 737 Max compensation in 2019American said it does not expect any material financial impact of the agreement to be realized in its fourth-quarter 2019 earnings
Read more »
‘I see a plateau right now’: Canadian auto sales down in 2019, but SUVs more popular than everCanadians often express interest in reducing their carbon footprint but their vehicle-shopping behaviour doesn’t match those intentions
Read more »
HuffPost is now a part of Verizon Media
Read more »
Nuggets beat Hawks behind Jokic's career-high 47 points - Sportsnet.caNikola Jokic scored a career-high 47 points, Will Barton added a season-best 28 and the Denver Nuggets held off the Atlanta Hawks 123-115 on Monday night.
Read more »