Latest news with #ShopifyInc
Hamilton Spectator
24-06-2025
- Business
- Hamilton Spectator
Tech execs say building up tech ecosystem means resisting allure of U.S., acquisition
TORONTO - A trio of the biggest names in tech say they resisted the allure of the U.S. and businesses that saw them as a takeover target — and hope the next generation of Canadian entrepreneurs will do the same. Shopify Inc. president Harley Finkelstein, Cohere co-founder Aidan Gomez and Wealthsimple CEO Michael Katchen feel the future of the country's tech ecosystem is dependent on entrepreneurs building in Canada. In charting their rise, they faced plenty of temptation to flee the country or give in to businesses that wanted to buy their firms. Years ago, Gomez says Cohere was facing a nine-figure acquisition offer it ultimately turned down. He now feels any exit from the Canadian market would be a failure and coaches entrepreneurs who write to him not to incorporate in the U.S. Finkelstein says Shopify felt similar pressure, when it was raising a Series A and some investors made their funding conditional on a move south of the border. He says Shopify refused and eventually found an investor group that didn't care where the company was based. Their remarks came at the inaugural Toronto Tech Week, which will span more than 300 events uniting the country's entrepreneurs this week. This report by The Canadian Press was first published June 24, 2025. Companies in this story: (TSX:SHOP)
Winnipeg Free Press
24-06-2025
- Business
- Winnipeg Free Press
Tech execs say building up tech ecosystem means resisting allure of U.S., acquisition
TORONTO – A trio of the biggest names in tech say they resisted the allure of the U.S. and businesses that saw them as a takeover target — and hope the next generation of Canadian entrepreneurs will do the same. Shopify Inc. president Harley Finkelstein, Cohere co-founder Aidan Gomez and Wealthsimple CEO Michael Katchen feel the future of the country's tech ecosystem is dependent on entrepreneurs building in Canada. In charting their rise, they faced plenty of temptation to flee the country or give in to businesses that wanted to buy their firms. Years ago, Gomez says Cohere was facing a nine-figure acquisition offer it ultimately turned down. He now feels any exit from the Canadian market would be a failure and coaches entrepreneurs who write to him not to incorporate in the U.S. Finkelstein says Shopify felt similar pressure, when it was raising a Series A and some investors made their funding conditional on a move south of the border. He says Shopify refused and eventually found an investor group that didn't care where the company was based. Their remarks came at the inaugural Toronto Tech Week, which will span more than 300 events uniting the country's entrepreneurs this week. Wednesdays Columnist Jen Zoratti looks at what's next in arts, life and pop culture. This report by The Canadian Press was first published June 24, 2025. Companies in this story: (TSX:SHOP)
Yahoo
20-06-2025
- Business
- Yahoo
DA Davidson Raises Shopify (SHOP) Price Target to $125, Maintains Buy Rating
Shopify Inc. (NASDAQ:SHOP) is one of the 13 best software stocks to buy now. On June 16, DA Davidson increased its price target for Shopify (NASDAQ:SHOP) to $125 from $115 while maintaining a Buy rating. The adjustment follows Shopify's strong Q1 2025 results, with 26.5% revenue growth and a solid liquidity position. Analysts see the business as more resilient than expected and believe AI will enhance merchant engagement and growth. Photo by Roberto Cortese on Unsplash Despite rising competition, DA Davidson remains confident in Shopify's market leadership. The firm's valuation reflects optimism about Shopify's long-term potential, pricing the stock at 12 times its estimated 2026 revenue. Shopify continues to expand its merchant services and platform capabilities to strengthen its position in e-commerce. Shopify Inc. (NASDAQ:SHOP) is a global commerce technology company that helps businesses of all sizes start, scale, and manage their operations. Its platform enables merchants to handle inventory, payments, orders, and customer relationships across online stores, physical locations, and marketplaces. While we acknowledge the potential of SHOP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 12 Best Healthcare Stocks to Buy Now and 10 Stocks Analysts Are Upgrading Today. Disclosure: None.
Yahoo
20-06-2025
- Business
- Yahoo
DA Davidson Raises Shopify (SHOP) Price Target to $125, Maintains Buy Rating
Shopify Inc. (NASDAQ:SHOP) is one of the 13 best software stocks to buy now. On June 16, DA Davidson increased its price target for Shopify (NASDAQ:SHOP) to $125 from $115 while maintaining a Buy rating. The adjustment follows Shopify's strong Q1 2025 results, with 26.5% revenue growth and a solid liquidity position. Analysts see the business as more resilient than expected and believe AI will enhance merchant engagement and growth. Photo by Roberto Cortese on Unsplash Despite rising competition, DA Davidson remains confident in Shopify's market leadership. The firm's valuation reflects optimism about Shopify's long-term potential, pricing the stock at 12 times its estimated 2026 revenue. Shopify continues to expand its merchant services and platform capabilities to strengthen its position in e-commerce. Shopify Inc. (NASDAQ:SHOP) is a global commerce technology company that helps businesses of all sizes start, scale, and manage their operations. Its platform enables merchants to handle inventory, payments, orders, and customer relationships across online stores, physical locations, and marketplaces. While we acknowledge the potential of SHOP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 12 Best Healthcare Stocks to Buy Now and 10 Stocks Analysts Are Upgrading Today. Disclosure: None.
Yahoo
06-06-2025
- Business
- Yahoo
Was Jim Cramer Right About Shopify Inc. (SHOP)?
We recently published a list of . In this article, we are going to take a look at where Shopify Inc. (NASDAQ:SHOP) stands against other stocks that Jim Cramer discusses. In that older episode, a caller asked whether it was time to buy back into Shopify Inc. (NASDAQ:SHOP), which had dropped roughly 20% following a disappointing earnings report. Cramer wasn't ready to recommend buying more just yet, urging caution and patience. He said: 'I think you can hold Shopify… You know, Shopify did miss, it did have some issues. I think you actually have to wait till the next quarter, see if those issues are resolved. There was a spending issue — they didn't seem to need to spend more to get business. I do like the company very much, but I'm not going to just send you in when it's not the sector in the market that's doing well.' Cramer was right to like Shopify as the stock has risen by +76.06% over the past year. Shopify Inc. (NYSE:SHOP) is a Canadian e-commerce platform that enables businesses of all sizes to create online storefronts, process payments, and manage inventory and logistics. Cramer commented on the stock's weird performance following its earnings reports and said something positive about it on May 2: 'Thursday, we get Shopify's numbers. Here's another stock that tends to sell off on good news and then rallies when people parse it out and realize that, wow, this company's more than just a poor man's Amazon.' An enthusiastic customer completing a purchase and receiving an order confirmation via one of the companies online sales channels. Overall, SHOP ranks 7th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of SHOP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
