Time to Buy Shopify or Target's Stock After Partnership Announcement?
SHOPShopify(SHOP) ZACKS·2024-06-26 06:20

In a bid to bolster its online sales and further compete with fellow omnichannel giant Walmart (WMT) and Amazon (AMZN) , Target (TGT) announced a partnership with Shopify (SHOP) on Monday to enhance its e- commerce marketplace. The collaboration will allow merchants using Shopify’s popular global commerce platform to sell their products on Target Plus, an invite-only third-party marketplace. That said, let’s see if now is a good time to buy Shopify or Target’s stock amid their intriguing partnership. Much-N ...