The 3 Top Reasons Walmart Wants a Piece of TikTok
Walmart is considering a joint bid for TikTok and the increasingly blurred line between retail and social commerce is one of the key reasons that TikTok’s viral video factory would accelerate sales for Walmart.
Etsy is “Crafting” Its Way Higher: RBC
Shares of Etsy are up 120% year-to-date, benefiting from a herd of consumers that rushed to the e-commerce company’s website for masks and other goods. With expectations that many of the new buyers who purchased from Etsy for the first time will become repeat customers, RBC analyst Shweta Khajuria raised her price target for the stock to $117, up from $79, on Monday evening.
Shopify is Underappreciated, Despite Stock Doubling in 2020: Analyst
Shares of Shopify are up more than 100% since the start of 2020, but RBC believes the e-commerce stock is still undervalued. Internet analyst Mark Mahaney raised his price target to $1,000 (from $850) on Wednesday after the bell.
Amazon Price Target Raised to a Street High $3,300 by RBC Despite "Disturbing" Trend
Online Retail is a “Structural Winner from the COVID Crisis” and Amazon is likely the best global play off of Online Retail, according to RBC analyst Mark Mahaney.
Is Casper a Sleeper Pick?
Wall Street hasn’t yet bought into Casper’s mission as an end-to-end sleep company, but an e-commerce-centric business model and a shifting focus towards profitability could make Casper a compelling underdog story.