Pivotree Inc. (PVT-X)
Pivotree Inc, is provider of frictionless commerce solutions, has announced a strategic partnership with Shopify. This alliance designates Pivotree as a technology partner specializing in implementing and migrating enterprise commerce customers to Shopify’s platform. The collaboration aims to enhance the eCommerce landscape by leveraging Pivotree’s expertise in advanced digital solutions and Shopify’s leading enterprise commerce platform.
Latest Analyst Updates
Cormark Securities has lowered its target price for Pivotree Inc. from CAD 3.5 to CAD 2.5. Analysts at Cormark have rated the stock with a “Buy” rating. The valuation adjustment indicates a reduced outlook on the stock, but still offers considerable upside potential for appreciation.
STA Research has maintained a “Speculative Buy” rating for Pivotree Inc. but has reduced its target price to CAD 1.75 from CAD 4.50. The “Speculative Buy” rating suggests that while there is potential upside, the investment carries higher risk. The lower target price shows a more cautious view on the stock’s near-term prospects.
Canaccord Genuity has assigned a “Hold” rating to Pivotree Inc. and has decreased its target price to CAD 1.25 from CAD 1.50. The “Hold” rating advises investors to retain their current positions in the stock without making new purchases. The lowered target price reflects a more subdued outlook on the stock, suggesting potential challenges or reduced growth expectations.
Stock Forecast & Analysis
Based on forecasts from 5 analysts, the average target price for Pivotree Inc over the next 12 months is CAD 2.36. This target reflects an expected potential upside from the current stock price. The average analyst rating for Pivotree Inc is “Buy,” indicating that analysts generally recommend purchasing the stock, suggesting optimism about its future performance.
Stock Target Advisor’s analysis presents a “Neutral” outlook for Pivotree Inc. This assessment is based on an equal number of positive and negative signals: 4 positive signals and 4 negative signals. This balanced view implies uncertainty, with factors both supporting and opposing the stock’s potential performance.
As of the last closing, Pivotree Inc’s stock price was CAD 1.26. Over recent periods, the stock has experienced fluctuations:
- Past Week: The stock price has decreased by -10.00%, reflecting a short-term decline.
- Past Month: There has been a modest increase of +1.61%, showing some recovery or stabilization.
- Past Year: The stock price has significantly fallen by -41.40%, indicating a substantial decline over the long term.
Analysts have set a 12 month target price forecast of CAD 2.36 paired with a consensus a “Buy,” rating, suggesting potential for future gains, however Stock Target Advisor’s neutral stance highlights a mixed outlook. The recent stock price trends show a significant drop over the past year, with recent fluctuations showing both declines and slight recoveries. While the stock is very speculative in nature, it has the possibility to double its valuation.
