Inside the Market’s roundup of some of today’s key analyst actions
) better-than-anticipated first-quarter results, workforce reduction strategy and plan to sell its delivery and warehousing operation reflect its “continued market position that’s complemented by a recognition that efficient capital deployment matters, particularly under the current market backdrop.”, which sent its TSX-listed shares soaring by 23.2 per cent, Mr.
“We continue to believe Shopify is in the early stages of a market that’s structurally changing,” he said. “We believe Shopify remains a leading on and offline Commerce disruptor and believe upside in the stock will come from a number of different incremental growth drivers such as: 1) International; 2) increased take rate with new services; 3) large enterprise ; and now 4) POS for SMB retail.”
“Shopify’s Q1 improves the investment thesis in a number of ways: 1) share gains are offsetting macro headwinds; 2) profitability is likely to be sustained going forward; 3) the sale of logistics eliminates business model uncertainty; and 4) increased probability of long-term success for Shopify’s “main quest”. Maintain Outperform, as we believe Shopify is one of the most compelling growth stories in our coverage,” said Mr. Treiber.
“Had we not changed anything, the share price pullback translated into an expected total return of 17 per cent, using Thursday’s close,” he said. “In addition to this supportive backdrop, forecast adjustments for Air Canada include the incorporation of stronger, ‘23E revenue per available seat mile or RASM, available seat mile or ASM growth from 24 per cent to 23 per cent, fuel from $1.30 to $1.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
How economists and markets are reacting to the Fed’s latest interest rate hikeMarkets hold steady in wake of 2pm ET decision
Lire la suite »
Fed's 'hawkish pause' comments send markets tumbling, BTC falls to $28,500Financial asset prices trended down on Wednesday afternoon after Fed Chair Powell announced the latest 25 basis point hike in interest rates
Lire la suite »
Stock market today: Markets slip after latest Fed rate hikeStocks dipped Wednesday after the U.S. Federal Reserve announced its latest hike to interest rates but said it's not sure what may come next.
Lire la suite »
Stock market today: Asian markets higher after US rate hikeAsian stock markets were mostly higher Thursday after the Federal Reserve raised its benchmark lending rate again to cool inflation and said it wasn't sure what may come next.
Lire la suite »
Buyer Beware: Most Major Canadian Markets Currently Favour SellersAccording to CREA's latest data, not a single market across Canada was found to favour buyers. CREA_ACI | realestate realestatenews realestatemarket Canada
Lire la suite »
FOMC Report sparks different reactions in crypto and stock marketsInvestors' reactions to the FOMC report showed a reduced correlation between the stock market and crypto. Positive funding rates and whale accumulation indicate bullish sentiment for BTC and ETH.
Lire la suite »