- Brianne Gardner says Amazon is “a safer play among a lot of the AI companies.”
- Gardner’s price target for Amazon is US$221 per share.
- Shopify had a drastic eight-year increase in sales from C$500 million to more than C$10 billion.
- Gardner believes Shopify is a “little bit more volatile or more aggressive position.”
Brianne Gardner, senior wealth manager at Velocity Investments, Raymond James Canada, recently joined The Market Online in the studio to discuss her thoughts on e-commerce giants Amazon and Shopify. Check out the above video for the full interview.
Amazon (NDAQ:AMZN)
Gardner believes Amazon is “a safer play among a lot of the AI companies” in part because of the company’s ability to innovate and lead. She touches on what could happen if Donald Trump becomes the next president of the United States after the November election.
“Trump’s likely to cut taxes on a lot of these large corporations, and Amazon would benefit from that,” Gardner says. She also notes that one of his big policies is to aim to make cheaper energy, which is a benefit to Amazon because of the amount of energy AI companies consume.
Gardner ranks Amazon an eight out of 10 with a price target of US$221 per share, indicating a possible 23 percent upside.
Shopify (TSX/NYSE:SHOP)
On the Shopify side, Gardner believes it is a “little bit more volatile or more aggressive position.” She points out that Shopify’s has 50 percent annualized revenue over the past five years and that “the Canadian e-commerce company has done C$500 million in sales in 2016, and now they do over C$10 billion.”
The drastic revenue increase in eight years, is a strong variable for Gardner and even with the pullback of the stock, “we see it as a great entry point for investors to
participate.”
Gardner puts the price target with around a 25 per cent upside at C$102 per share.
*PLEASE NOTE: GARNDER’S SHOPIFY PRICE TARGET C$102 WAS HIT PREVIOUS TO THE ARTICLE RELEASE
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