On Nov 13, major Wall Street analysts update their ratings for $Shopify (SHOP.US)$, with price targets ranging from $103 to $135.
Goldman Sachs analyst Gabriela Borges maintains with a buy rating, and adjusts the target price from $88 to $135.
BofA Securities analyst Bradley Sills maintains with a buy rating, and adjusts the target price from $82 to $134.
Citi analyst Tyler Radke maintains with a buy rating, and maintains the target price at $103.
Wells Fargo analyst Andrew Bauch maintains with a buy rating, and adjusts the target price from $90 to $120.
Evercore analyst Mark Mahaney maintains with a buy rating, and adjusts the target price from $80 to $125.
Furthermore, according to the comprehensive report, the opinions of $Shopify (SHOP.US)$'s main analysts recently are as follows:
Shopify's Q3 results indicate a continuing trend of the company capturing a larger share of the e-commerce industry. Significant contributions to this growth come from its international and enterprise segments. The momentum is further underscored by revenue outperformance and an acceleration in growth, leading to a positive outlook for the company.
Shopify's third-quarter performance surpassed key indicators, and its fourth-quarter projections exceeded expectations, leading to a surge in the stock's value.
Shopify's third-quarter results surpassed expectations, indicating a robust performance amid a generally stable landscape for consumer spending. The company has shown signs of gaining market share, propelled by strategic investments in performance marketing and its enterprise segment. Additionally, Shopify's Gross Merchandise Volume relative to the U.S. e-commerce market has sustained a ratio above three after five sequential quarters of growth, signaling strong traction in the American e-commerce sector and other developing channels.
Shopify reported robust third-quarter results and provided fourth-quarter guidance that surpassed consensus expectations, leading to a significant 22% rise in stock value as investor visibility into the company's long-term growth and margins improved. The company is experiencing widespread market share increases and positive leading indicators in various segments.
Shopify's management is focusing on reinvesting in growth rather than continuing to expand free cash flow margins, with the goal of sustaining their current high-teens margin level.
Here are the latest investment ratings and price targets for $Shopify (SHOP.US)$ from 14 analysts:
Note:
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