Shopify Just Made a Brilliant Move. Time to Buy the Stock?
Shopify (NYSE: SHOP) stock soared on its earnings report last week, but the big news wasn't the company's first-quarter results.
It was the company's decision to sell off Deliverr, the logistics company it acquired less than a year ago, and the rest of the Shopify Logistics division. Additionally, the company is selling Six River Systems, a logistics company known for its mobile robot, to grocery fulfillment company Ocado.
While the decision to sell Deliverr to Flexport may sound like a failure of its original plan to move deeper into logistics and fulfillment, selling to Flexport looks like a win-win. Shopify isn't folding its ambitions in logistics by any means. It's finding a strategic partner and moving the heavy expenses associated with logistics off its books.
Source Fool.com
Shopify Inc Aktie
Derzeit ist die Community gegenüber der Shopify Inc Aktie mit 5 Buy-Einschätzungen und 1 Sell-Einschätzungen positiv gestimmt.
Ein positives, aber moderates Potenzial für Shopify Inc mit einem Kursziel von 75 € im Vergleich zu 67.6 €.
