As Shopify Drops Its Logistics Business, Amazon Could Be Poised to Strike
shocked Wall Street recently when it announced that it was selling most of its logistics business, roughly a year after acquiring Deliverr for $2.1 billion in an attempt to build a logistics business.
Investors cheered the decision, but perhaps nobody is happier about the news than arch-rival Amazon (NASDAQ: AMZN). Shopify's abrupt exit likely cements Amazon's place as the dominant e-commerce platform in the market.
With shares more than 43% down from their high, now might be a great time to revisit this e-commerce powerhouse. Here is why Amazon's stock is a buy today.
Source Fool.com
Shopify Inc Stock
€67.89
0.120%
Currently there is a rather positive sentiment for Shopify Inc with 5 Buy predictions and 1 Sell predictions.
As a result the target price of 75 € shows a slightly positive potential of 10.47% compared to the current price of 67.89 € for Shopify Inc.
