From Nasdaq: 2024-06-25 17:20:00

Target has partnered with Shopify to boost its online sales and compete with Walmart and Amazon. Shopify merchants can now sell on Target Plus, Target’s invite-only marketplace. Target hopes to close the gap on Walmart’s e-commerce sales, which were much higher last year.

Shopify’s sales are projected to increase significantly over the next few years, with earnings expected to jump as well. Target’s earnings are forecasted to grow, but at a slower rate compared to Shopify. Both companies have seen some stock price fluctuations this year.

Investors may find value in both Shopify and Target stocks with their collaboration. The partnership could lead to a stronger outlook for both companies, potentially benefiting long-term investors. Consider these stocks for their growth potential in the e-commerce market.

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Read more at Nasdaq: Time to Buy Shopify or Target’s Stock After Partnership Announcement?