Shopify Inc

Analysts are bullish on eBay stock before the earnings report. On Wednesday, BMO Capital analyst Daniel Salmon lifted the target price to $59 from $52.

NIO stock has closed with losses for two days now and is down 21.2% from its high of $16.44 on Monday. Can NIO get out of bear market territory?

Walmart (NYSE:WMT) has raised its funding in India’s e-commerce firm Flipkart Group. The company wants to compete with Amazon.com (NASDAQ:AMZN).

Walmart (NYSE:WMT) has been gearing up to launch its competitor to Amazon’s Prime membership program. Walmart+ will launch later this month.

Besides Shopify, PayPal, Zoom, Apple, and Netflix, Jim Cramer thinks that Etsy, Adobe, Twilio, and Fastly could also pay off big for investors.

Square (NYSE:SQ) stock has been on fire since late-March. On June 22, the stock rose 6.6% and touched its 52-week high of $105.46 and closed at $104.45.

UBS thinks that Walmart’s earnings will accelerate due to higher productivity, rapid growth in e-commerce, and accelerated technology implementation.

Shopify stock has been on fire lately due to the e-commerce boom amid COVID-19. The COVID-19 outbreak boosted the demand for Shopify’s services.

Shopify delivered strong first-quarter earnings. The revenue of $470 million rose 47% year-over-year and beat the consensus estimate by about $30 million.

Today, Piper Sandler upgraded Shopify from a “neutral” to an “overweight” rating. The firm also raised its target price from $773 to $843.

So far, launching Facebook Shops looks good for Facebook stock. The feature promises to drive more revenue and boost advertising sales.

Facebook’s (NASDAQ:FB) Libra cryptocurrency project continues to show signs of life. Singapore’s Temasek has joined the Libra Association.

Shopify stock declined 1.91% on May 8 and closed at $708.97 with a market cap of $83.0 billion—4.1% below its 52-week high of $739.24.

Shopify stock rose 7.4% on Monday and closed at $658.89 with a market cap of $77.2 billion. The stock was trading 1.0% below its 52-week high of $665.74.

Shopify (NYSE:SHOP) stock fell in today’s pre-market trading session. The stock fell over 3% in today’s trading session at 10:46 AM ET.

Shopify (NASDAQ:SHOP) stock fell 7.74% on April 1 after the company suspended its guidance due to the deadly coronavirus outbreak.

The Amazon Lending program extends loans to Amazon merchants. The program has extended more than $3.0 billion in loans since 2011.

For 2020, Shopify expects its revenue to grow from $2.13 billion–$2.16 billion. Analysts expect revenue growth of 36.2% YoY to $2.2 billion in 2020.