Stock Pick­ers re­freshes Shopify buy

Stockwatch Daily - - TECHNOLOGY & TELECOM -

STOCK PICK­ERS Di­gest, in the July, 2017, is­sue, re­freshes its buy of Shopify Inc., re­cently $113.02. Stock Pick­ers pre­vi­ously said buy in Fe­bru­ary, 2017, at $66.17. A $1,000 in­vest­ment then is now worth $1,695. Shopify pro­vides re­tail­ers with In­ter­net-based soft­ware to de­sign, set up and man­age stores, whether on-line or in per­son. The com­pany re­cently de­cided to raise up to $575.6-mil­lion (U.S.) through the is­suance of 6.3 mil­lion shares at $91 (U.S.). The pro­ceeds will be used to ex­pand Shopify’s net­work and tech­nol­ogy, to in­crease its mar­ket­ing ef­forts, and po­ten­tially to make ac­qui­si­tions. Stock Pick­ers reck­ons that Shopify will con­tinue to ben­e­fit from mod­ern con­sumers’ shift to­ward on-line shop­ping. The stock re­mains a buy for ag­gres­sive in­vestors.

Robert Ger­ard Ashe, Steven Alan Collins, Gail Good­man, Jeremy Seth Levine, To­bias Al­bin Lutke, John H Phillips

(SHOP) Shares: 90,728,253

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