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5 E-Commerce Stocks To Watch

By BenZinga
Capital Markets

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The e-commerce space is seeing explosive growth as consumers gravitate toward online buying, shifting their allegiance from physical stores to virtual offerings. The seamless shopping experience offered by this channel fits modern buyers’ M.O. well, rendering brick-and-motor stores a dying breed.

Against this backdrop, D.A. Davidson initiated coverage of e-commerce stocks Amazon.com, Inc. (NASDAQ: AMZN), Etsy Inc (NASDAQ: ETSY), Overstock.com, Inc. (NASDAQ: OSTK), Park City Group, Inc.(NASDAQ: PCYG) and Shopify Inc (US) (NYSE: SHOP).

Rating/Price Target

  • Amazon: Buy/$1,300.
  • Etsy: Buy/$19.
  • Overstock: Buy/$28.
  • Park City: Buy/$15.
  • Shopify: Neutral/$95.

Commenting on the prospects facing the retail sector, DA Davidson analyst Tom Forte said the future of retail is made concise in the acronym “SIMPL” (Social, International, Mobile, Payments and Logistics).

The analyst pointed to the Consumer Internet of Things, co-opetition with Amazon, augmented realty/virtual realty, stores, artificial intelligence and machine learning as the emerging trends in retail.

Amazon: The King Of Bricks And Clicks

D.A. Davidson is of the view that Amazon stands to take further share in the retail sector, particularly given that it has embraced physical stores with its Whole Foods Market, Inc. buy. The company’s expansion into the apparel and grocery categories and its international expansion, especially in India, will help to disrupt the legacy retail sector even more, the firm added.

The firm sees these, combined with the company’s Amazon Web …

Read more at Benzinga.

Photo: Etsy

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