Shopify
has had a challenging year, and UBS does not see a significantly brighter future for the e-commerce software business.
UBS analyst Kunal Madhukar initiated protection of
Shopify
(ticker: Store) with a Market ranking and a 12-thirty day period price concentrate on of $30. Madhukar shown a few good reasons for his bearish see of Shopify, like the hazards of a possible economic downturn,
Amazon
‘s Invest in With Primary competition, and near-time period corporation spending concentrations.
Shopify
has had a challenging year, and UBS does not see a significantly brighter future for the e-commerce software business.
UBS analyst Kunal Madhukar initiated protection of
Shopify
(ticker: Store) with a Market ranking and a 12-thirty day period price concentrate on of $30. Madhukar shown a few good reasons for his bearish see of Shopify, like the hazards of a possible economic downturn,
Amazon
‘s Invest in With Primary competition, and near-time period corporation spending concentrations.
