Just noticed Shopify (TSE) had a nice pop recently on the back of Canada's retail numbers looking better. Q3 showed some real recovery after those rough quarters earlier in the year, and the shop platform seems positioned to benefit from the holiday season ramping up. Their recent PayPal integration deal also looks solid for merchants trying to streamline operations.



What caught my eye is the analyst consensus sitting at Moderate Buy with a C$107.41 price target - that's only about 0.33% upside from current levels though, so not exactly screaming value right now. The 48% rally over the past year already priced in a lot of optimism. But if Canadian retail keeps this momentum going into the holiday push, TSE could have more room to run.

Still watching to see if this recovery is the real deal or just a bounce. Either way, the shop-focused play is worth keeping on the radar if you're bullish on consumer spending normalizing in Canada.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin