Why Shopify Is Up 10% Since My Bullish Call Last Wednesday

If you’re ordering something online and it’s not coming from Amazon, odds are it’s coming from Shopify (and you don’t even know it).

That’s because, even though you won’t see its name on the packaging, Shopify has 31% market share in the U.S. for websites using ecommerce technologies.

You see, Shopify fulfills online orders for over 1.2 million live websites around the globe. And it’s rapidly expanding in France, Germany, Spain, Italy, Brazil, and Japan.

One of the best ways to think of Shopify is as a cheaper, smaller version of Amazon. With a market cap of only $80 billion (compared to Amazon’s $1.3 trillion), Shopify clearly has a lot of room to grow.

Even if Shopify just grew to half the size of Amazon, that’d represent a 712.5% return.

With SHOP stock already rising 131% from its coronavirus bottom of $320 in mid-March to $740 today, I expect technical buying momentum will continue fueling this company for the remainder of the year. My price target for SHOP is $1,500 per share – representing a 103% gain from its current price.

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$3 EV Play No One's Talking About

This company is a sneaky EV play that no one’s talking about. They’re producing an odd variation on the traditional EV that has consumers raving.

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$30 Stock Freaking Out Billionaires

This stock is an industry leader in a robotics technology that is freaking out billionaires (trading for just $30).

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The Best TaaS Stock Right Now

This company is set to corner the market in a self-driving technology that  could fundamentally change our entire society – much like the internet did.

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Up to 20,000 IPOs All in One Day

A radical $2.1 quadrillion shift is coming to the financial markets.

Some are calling it G.T.E. and Mark Cuban, Elon Musk, Richard Branson, and even banks like J.P. Morgan are invested in the tech behind it.

Just $25 could get you in alongside these billionaires. 

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$2 Biotech Stock

Steve Cohen, the billionaire stock picker known for running one of the most successful hedge funds ever, has poured millions into the first stock, and it’s trading for only $2.

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