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Time to Buy Shopify or Target's Stock After Partnership Announcement? [Yahoo! Finance]
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The collaboration will allow merchants using Shopify's popular global commerce platform to sell their products on Target Plus, an invite-only third-party marketplace. That said, let's see if now is a good time to buy Shopify or Target's stock amid their intriguing partnership. Much-Needed Partnership (Especially for Target) While partnering with Target should benefit Shopify's expansion after going public in 2015, the collaboration is much needed for Target to catch up to Walmart's lofty e-commerce expansion. To that point, Walmart's e-commerce sales totaled $100 billion last year compared to Target's $19.4 billion. Closing the Gap on Walmart appears to be at the forefront of Target's focus with the company's total sales expected to slightly dip to $106.88 billion in its current fiscal 2025 but projected to rebound and rise 4% in FY26 to $110.84 billion. In comparison, Walmart's top line is expected to expand by 4% in what is its current FY25 as well and is projected to ris
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