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SHOP

Shopify

$135.24

-10.71 (-7.34%)

11:57
10/17/18
10/17
11:57
10/17/18
11:57

Pressure on Shopify around China shipping overblown, says Baird

Baird analyst Colin Sebastian noted that Shopify was under a lot of pressure after a New York Times report that the Trump administration plans to withdraw from the Universal Post Office Treaty, which had previously allowed Chinese merchants to ship packages to the US at steeply discounted rates. Sebastian called the fears " way overblown," noting that Shopify's total exposure in China is low, and maintained an Outperform rating with a $165 price target on Shopify shares.

  • 25

    Oct

  • 13

    Nov

SHOP Shopify
$135.24

-10.71 (-7.34%)

09/17/18
KEYB
09/17/18
NO CHANGE
Target $182
KEYB
Overweight
Shopify best positioned to benefit from growth in emerging brands, says KeyBanc
KeyBanc analyst Monika Garb tells investors in a research note that she is a buyer of Shopify, as the company has "ample" growth opportunities ahead and sees potential upside to her above-consensus estimates. She expects that recreational sales of cannabis in Canada could be a GMV and revenue driver and further benefit Shopify's business momentum. Additionally, Garb says Shopify is the best positioned to benefit from growth in emerging brands, citing brands like Rebecca Minkoff and Kyle Cosmetics that already use Shopify. Garb maintains an Overweight rating and $182 price target on shares.
09/17/18
09/17/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. LULULEMON UPGRADED TO OUTPERFORM: Wells Fargo analyst Ike Boruchow upgraded Lululemon (LULU) to Outperform from Market Perform, stating that while the brand's current strength is "evident to essentially everyone," his recent meetings with management lead him to believe that its "industry leading" momentum is likely sustainable through the second half of this year and well into 2019. While admitting to being "late to the party," Boruchow said he sees meaningful outperformance and upward revisions being ahead for the athletic apparel company. He raised his price target on Lululemon shares to $200 from $144. In late morning trading, Lululemon shares are higher by 2.3%. NOMURA UPGRADES BROADCOM TO BUY: Nomura Instinet analyst Romit Shah upgraded Broadcom (AVGO) to Buy from Neutral and raised his price target for the shares to $300 from $225. The analyst says the "so many positive takeaways from earnings" have forced him to take a more constructive stance on the shares. GOLDMAN SWAPS CONVICTION BUY ON MASTERCARD, VISA: Goldman Sachs analyst James Schneider added MasterCard (MA) to his firm's Conviction List while maintaining a Buy rating on the shares. The analyst also upped his price target for the stock to $260 from $230. Goldman Sachs analyst James Schneider removed Visa (V) from his firm's Conviction List but maintains a Buy rating on the shares with an unchanged price target of $160. The analyst, who continues to see upside to Street estimates, cites the recent share outperformance for the removal. MORGAN STANLEY INITIATES CONSUMER STAPLES: Morgan Stanley analyst Dara Mohsenian assumed Kraft Heinz (KHC) with an Underweight and $52 price target, as he believes it topline growth will likely trail food peers. In late morning trading, Kraft Heinz shares were down almost 2%. The analyst also assumed coverage of Mondelez (MDLZ), General Mills (GIS), and Kellogg (K) with Equal Weight ratings. KEYBANC SEES CANNABIS AS DRIVER FOR SHOPIFY: KeyBanc analyst Monika Garb said she is a buyer of Shopify (SHOP), as the company has "ample" growth opportunities ahead, and she sees potential upside to her above-consensus estimates. She expects that recreational sales of cannabis in Canada could be a GMV and revenue driver and further benefit Shopify's business momentum. Garb maintained an Overweight rating and $182 price target on the shares.
10/01/18
JEFF
10/01/18
INITIATION
Target $175
JEFF
Hold
Shopify initiated with a Hold at Jefferies
Jefferies analyst Samad Samana started Shopify with a Hold rating and $175 price target. The analyst expects Shopify to continue to post "healthy growth for years to come," but is cautious on the stock given the greater than 280% increase since start of 2017. The valuation multiple approaching all-time highs, Samana tells investors in a research note
10/10/18
KEYB
10/10/18
NO CHANGE
KEYB
Shopify, Salesforce should be bought on October pullback, says KeyBanc
KeyBanc analyst Brent Bracelin notes that the 55 largest SaaS stocks had an incredible run through the end of Q3, as the group benefited from robust secular tailwinds and multiple expansion with forward EV/S levels increasing by two full turns above the five-year average. That said, the "Big Chill" has quickly set in during the first nine days of October as the group is down 11% this month and 21% from the highs, on average, he adds. The analyst has identified eight high-quality SaaS stocks that he would buy on the October pullback based on attractive risk-reward and growth profiles looking out into 2020, namely Shopify (SHOP), Salesforce (CRM), Twilio (TWLO), Wix.com (WIX), Zendesk (ZEN), BlackLine (BL), Avalara (AVLR), and Mindbody (MB).

TODAY'S FREE FLY STORIES

12:25
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UBS alternative energy analyst to hold an analyst/industry conference call »

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CSTM

Constellium

$8.19

-0.22 (-2.62%)

12:25
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Constellium to host analyst day »

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SBUX

Starbucks

$66.32

0.22 (0.33%)

12:25
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Conference/Events
Starbucks to host investor day »

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BABA

Alibaba

$151.67

0.18 (0.12%)

, YOKU

Youku Tudou

$0.00

(0.00%)

12:23
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Alibaba's Youku to host highlights, documentary content from NFL »

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Alibaba

$151.67

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Youku Tudou

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FIZZ

National Beverage

$79.84

-4.28 (-5.09%)

, STZ

Constellation Brands

$182.12

-4.58 (-2.45%)

12:21
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UBS beverages analyst to hold an analyst/industry conference call »

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FIZZ

National Beverage

$79.84

-4.28 (-5.09%)

STZ

Constellation Brands

$182.12

-4.58 (-2.45%)

PEP

PepsiCo

$118.01

1.03 (0.88%)

CCE

Coca-Cola European Partners

$0.00

(0.00%)

BFB

Brown-Forman, also tag with BF.A, BF.B

$0.00

(0.00%)

BFA

Brown-Forman, also tag with BF.A, BF.B

$0.00

(0.00%)

BF.B

Brown-Forman, also tag with BFA, BFB

$46.92

0.44 (0.95%)

MNST

Monster Beverage

$53.60

-3.84 (-6.69%)

SAM

Boston Beer

$263.73

-10.35 (-3.78%)

KDP

Keurig Dr Pepper

$26.14

0.03 (0.11%)

TAP

Molson Coors

$63.13

0.12 (0.19%)

KO

Coca-Cola

$49.45

0.25 (0.51%)

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VRTX

Vertex

$171.99

-3.56 (-2.03%)

12:20
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12:20
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Sudden burst of activity in Vertex Pharma weekly calls »

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GE

General Electric

$7.31

0.59 (8.78%)

, AAPL

Apple

$170.93

1.84 (1.09%)

12:20
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12:20
On The Fly
Fly Intel: Wall Street's top stories at midday »

Stocks have been…

GE

General Electric

$7.31

0.59 (8.78%)

AAPL

Apple

$170.93

1.84 (1.09%)

TSLA

Tesla

$371.13

4.37 (1.19%)

QD

Qudian

$6.47

1.21 (23.00%)

CIEN

Ciena

$34.64

2.505 (7.80%)

LLNW

Limelight Networks

$2.39

-0.81 (-25.31%)

TLRD

Tailored Brands

$14.13

-6.03 (-29.91%)

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  • 13

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  • 13

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ISRG

Intuitive Surgical

$511.49

-4.22 (-0.82%)

12:19
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12/13
12:19
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12:19
Recommendations
Intuitive Surgical analyst commentary  »

Piper still sees…

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GH

Guardant Health

$41.25

-1.16 (-2.74%)

, AZN

AstraZeneca

$39.11

0.2 (0.51%)

12:17
12/13/18
12/13
12:17
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12:17
Hot Stocks
Guardant Health, AstraZeneca partner to develop companion diagnostics tests »

Guardant Health (GH)…

GH

Guardant Health

$41.25

-1.16 (-2.74%)

AZN

AstraZeneca

$39.11

0.2 (0.51%)

03/08/13
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  • 13

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
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NYSE market internals summary »

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SFIX

Stitch Fix

$21.09

-1.23 (-5.51%)

12:15
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Options
Stitch Fix put volume heavy and directionally bearish »

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SFTBF

SoftBank

$0.00

(0.00%)

, GS

Goldman Sachs

$176.57

-0.18 (-0.10%)

12:14
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Hot Stocks
SoftBank Vision Fund leads $400M funding round in bio startup Zymergen »

Molecular manufacturing…

SFTBF

SoftBank

$0.00

(0.00%)

GS

Goldman Sachs

$176.57

-0.18 (-0.10%)

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BID

Sotheby's

$37.04

-0.06 (-0.16%)

12:12
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Sotheby's Asia 2018 aggregate auction sales $985M, 'leads' Asia for last 3 years »

"2018 has been the…

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COHR

Coherent

$115.83

-1.93 (-1.64%)

12:10
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12:10
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12:10
Conference/Events
Coherent management to meet with Northcoast »

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  • 19

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XPO

XPO Logistics

$51.10

-9.15 (-15.19%)

, ECHO

Echo Global

$21.35

-0.41 (-1.88%)

12:05
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12/13
12:05
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12:05
Recommendations
XPO Logistics, Echo Global analyst commentary  »

XPO short report concerns…

XPO

XPO Logistics

$51.10

-9.15 (-15.19%)

ECHO

Echo Global

$21.35

-0.41 (-1.88%)

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CPRX

Catalyst Pharmaceuticals

$2.40

0.01 (0.42%)

12:05
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12:05
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12:05
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Catalyst Pharmaceuticals analyst commentary  »

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  • 13

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SGAMY

Sega Sammy Holdings

$0.00

(0.00%)

, AMZN

Amazon.com

$1,659.51

-3.89 (-0.23%)

12:04
12/13/18
12/13
12:04
12/13/18
12:04
Periodicals
Sega rolls out classic Genesis games on Amazon Fire TV, Verge reports »

Sega (SGAMY) is bringing…

SGAMY

Sega Sammy Holdings

$0.00

(0.00%)

AMZN

Amazon.com

$1,659.51

-3.89 (-0.23%)

03/08/13
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  • 19

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MSI

Motorola Solutions

$129.01

-0.64 (-0.49%)

12:03
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12:03
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12:03
Conference/Events
Motorola Solutions management to meet with Northcoast »

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GDI

Gardner Denver

$21.65

-0.2 (-0.92%)

12:01
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12:01
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Gardner Denver acquires MP Pumps for $58M in cash »

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NL

NL Industries

$3.92

(0.00%)

12:00
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NL Industries falls -9.5% »

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XPO

XPO Logistics

$52.34

-7.91 (-13.13%)

12:00
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XPO Logistics falls -13.1% »

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TLRD

Tailored Brands

$14.17

-5.99 (-29.71%)

12:00
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Tailored Brands falls -29.6% »

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PPDF

PPDAI Group

$4.96

0.5 (11.21%)

12:00
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12:00
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Hot Stocks
PPDAI Group rises 11.2% »

PPDAI Group is up 11.2%,…

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M

Macy's

$30.56

-1.2825 (-4.03%)

12:00
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Options
Call buyer in Macy's as shares shed 4% »

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