3 Upgrades In e-Commerce Moving The Market Just because eCommerce has fallen out of the media spotlight don't think it's not a driving force of the global economy. If nothing else, the COVID-19...

By Thomas Hughes

This story originally appeared on MarketBeat

Depositphotos.com contributor/Depositphotos.com via MarketBeat

e-Commerce Is Big Business For These Companies

Just because eCommerce has fallen out of the media spotlight don't think it's not a driving force of the global economy. If nothing else, the COVID-19 pandemic proved without a doubt that we need not only the Internet but e-Commerce. Today we're looking at three stocks that span a range of e-Commerce industries from payment systems, to marketing solutions, to vertical-specific niche sales in high-growth markets.

Businesses Are Thriving With Thryv Holdings

Thryv Holdings (NASDAQ: THRY) has been on a tear over the past 6 to 8 months due to robust demand for e-commerce and digital marketing services. The stock is up more than 200% in the last six months and likely headed higher based on activity in the analyst community. The latest shout-out comes from Needham who initiates the stock at a Buy. According to the firm, the marketing software space has a significant long-term growth trajectory and Thryv specifically should get a boost from its legacy Yellow Pages operation. The Yellow Pages operation may seem outdated but Needham describes it as a " large, cash-generating, low-cost customer acquisition channel that ensures steady demand from established companies".

All three of the analysts covering the stock rate it a Buy with a consensus target of $42 or about 17% upside. The technicals alone imply a price target of $48 assuming, of course, the market can sustain its breakout to new highs. Thryv Holdings is expected to report earnings in early August and deliver low-to-mid single-digit sequential Revenue growth.

Three Upgrades In e-Commerce Moving The Market

DLocal Limited Is Fintech For Emerging Markets

DLocal (NASDAQ: DLO) is a payment processing platform operating globally and headquartered in Montevideo, Uruguay. The platform allows merchants to connect with consumers in emerging markets, accept and send payments, and settle funds. The company services multiple industries including marketplaces, online retail, financial, and travel. The company went public less than a month ago and shares of the stock have been skyrocketing ever since. Up 66% from the post IPO low, Bank of America analyst Jason Kupferberg initiated the stock at a buy with a price target of $55.

"DLO has an enviable customer base comprising some of the largest and fastest-growing enterprises in the world (i.e. AMZN and GOOG) and a very attractive blend of organic growth and profitability, both well in excess of peers," Kupferberg writes in a note to clients.

Four other major sell-side analysts are out with initiated coverage but the sentiment is not mutual. Three of the ratings are only Neutral with a consensus near $42. Morgan Stanley is the most bullish with an Overweight rating and a price target of $72.

Three Upgrades In e-Commerce Moving The Market

The Original BARK Company Is As Good As Its Bite

If you like the pet care industry and we think you should, you're going to love the Original BARK Company (NYSE: BARK). The firm is a specialty petcare company focused on dogs that delivers subscription services like a toy of the month along with other more mainstream dog care needs. Bank of America initiated the company with a Buy rating following the post-IPO quiet period calling out several factors that we ourselves favor. These include the greater pet category, vertical integration, an omnichannel sales presence, and a dog-specific strategy. Citigroup did not venture to offer a price target but Canaccord Genuity did. Canaccord sees the stock trading near $16 or about 60% upside from recent price action. We view the stock as trading at or very near the bottom right now, and a great value for investors.

Three Upgrades In e-Commerce Moving The Market

Featured Article: What is an Initial Public Offering (IPO)?

Editor's Pick

Related Topics

Business News

Costco Isn't Facing Devastating Surges in Theft Like Target and Walmart — and the Reason Is Very Simple

The retailer's CFO revealed its strategy during a fourth-quarter-earnings call.

Business News

'Please Fix This': Elon Musk Frantically Emails Employees During Livestream Glitch

Musk attempted to livestream his visit to the U.S.-Mexico border.


11 Strategies to Help Entrepreneurs Thrive in the Face of Adversity and Criticism

How to effectively handle criticism and use it as fuel for success

Science & Technology

How to Use AI to Drive Growth and Improve Customer Interactions

Artificial intelligence has a transformative impact on the customer experience. Here's how organizations can harness AI to enhance customer interactions and drive growth in their industry.

Business News

'We Will Not Be Able to Fund Payroll': Upscale Lingerie Company Has Reportedly Not Paid Employees in a Month

A new email obtained by the New York Post shows that La Perla does not have the funds to pay its employees.


Want to Improve Your Brand's Storytelling? Shift Your POV to Tell a Better Narrative. Here's How.

In a crowded digital media environment of voluntary engagement, brand storytelling isn't enough to grab attention. You must approach the story from the right perspective — your customer's.