Shopify's (SHOP) Growth Driven by Enterprise, International, and In-Store Markets, Says UBS

Shopify Inc. (NYSE:SHOP) ranks among the best growth stocks to buy for the next 10 years. With a price target of $110, UBS reaffirmed its Neutral rating on Shopify Inc. (NYSE:SHOP) on July 28. Analyst Timothy Chiodo pointed out that Shopify has changed from its inception as an e-commerce platform primarily for small and medium-sized enterprises in North America. The company is currently seeing success across three total addressable market growth pillars, including Enterprise, International, and In-store Point of Sale.

In particular, the UBS report looks at Shopify’s enterprise retail e-commerce prospect, providing a quantitative estimate of possible contributions to GMV growth at different market share levels over the course of the next 10 years.

A compiled list of specific Shopify Inc. (NYSE:SHOP) enterprise clients, competitive landscape analysis, illustrative enterprise segment unit economics, and Shopify’s enterprise segment offering were also discussed by the firm.

Shopify Inc. (NYSE:SHOP) is a leading provider of commerce infrastructure, giving businesses the tools they need to establish, scale, and manage their operations at all levels. Shopify’s platform is used by millions of businesses in 175 countries, making it an important tool for supporting various organizations throughout the world.

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