Editor's note: TipRanks is a tech company that ranks analysts and financial bloggers based on their picks performance. The goal of this piece is to highlight an analyst who has a great track record, rather than the ones from the biggest firms.
There's a new e-commerce giant on the rise, according to this top Wall Street analyst.
Although the e-commerce sector is a crowded arena, the top analyst explains that Shopify, a cloud platform enabling smaller retailers to sell goods online and in store, provides value to vendors with its variety of offerings and solutions.
Munster is a top-ranked Wall Street analyst. His picks have a 14.1 percent one-year average return. He is ranked in the top 4 percent of all analysts, according to TipRanks.
Here is why the analyst is bullish on Shopify.