Analysts say concerns about a deceleration in global e-commerce have weighed on shares
After reaching a record high early in the quarter, Shopify shares have lost about 15 per cent and at one point in October dipped into bear-market terrain. Concerns about a deceleration in global e-commerce have weighed on shares, RBC Capital Markets analyst Paul Treiber wrote in an Oct. 22 research note.Article content
While the majority of Shopify analyst ratings are still positive on the stock, the neutral camp has been creeping higher since the end of the second quarter, with 63 per cent rating the stock a “buy” and 33 per cent a “hold.” “We’ve already started to see an impact across companies like Nike to Snap,” he wrote. “It’s unclear how this will exactly impact Shopify merchants, but the general consensus is that smaller brands have less flexibility than the larger global retailers around supply headwinds.”Article content
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.
Terrence Ross goes off for 22 points in fourth to lead Magic over KnicksTerrence Ross scored all 22 of his points in the fourth quarter, and the Orlando Magic beat the New York Knicks 110-104 on Sunday night.
Read more »
Facebook profits rise amid Facebook Papers findingsAmid fallout from the Facebook Papers documents supporting claims that the social network has valued financial success over user safety, Facebook on Monday reported higher profit for the latest quarter.
Read more »
Germany portrays itself as a climate leader, but it's still razing villages for coal minesThe percentage of electricity Germany makes from coal has dropped significantly in recent years, but it still accounts for more than a quarter of the country's power supply
Read more »
Hornets pull away, defeat Nets to remain perfect to start seasonMiles Bridges had 32 points and nine rebounds, Ish Smith added 11 of his 15 points in the fourth quarter and the Charlotte Hornets improved to 3-0 for the first time by beating the Brooklyn Nets 111-95 on Sunday.
Read more »
Mouat defeats Jacobs to win third consecutive GSOC men's title at MastersBruce Mouat captured his third consecutive Pinty's Grand Slam of Curling men's title after scoring three points in the eighth end to defeat Brad Jacobs 7-5 Sunday and win the Masters. (JonathanBrazeau)
Read more »