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SHOP - Shopify Inc News Story

C$1408.04 -38.6  -2.7%

Last Trade - 07/08/20

Sector
Technology
Size
Large Cap
Market Cap £96.91bn
Enterprise Value £93.84bn
Revenue £1.59bn
Position in Universe 1st / 2679

BUZZ-Shopify: Gains as Walmart partners to expand marketplace platform

Mon 15th June, 2020 12:54pm
** U.S.-listed shares of Canadian ecommerce company  SHOP.N 
up 4.1% at $772.7 premarket 
    ** Walmart  WMT.N  says it is joining forces with SHOP to
open Walmart Marketplace to SHOP's sellers (https://bit.ly/2UMJMxp)
    ** WMT says growing its marketplace is a strategic priority;
it will start integrating new sellers and expects to add 1,200
SHOP sellers this year
    ** 11 of 30 brokerages rate SHOP "buy" or higher, 17 "hold"
and 2 "sell"; median PT is $732.5 - Refinitiv data
    ** Stock has gained ~87% YTD, as of last close

 (Reporting by Arundhati Sarkar in Bengaluru)
 ((Arundhati.Sarkar@thomsonreuters.com; +1 646 223 8780 Ext:
2776; Reuters Messaging:
arundhati.sarkar.thomsonreuters.com@reuters.net))
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