BigCommerce S-1 Provides Greater Confidence in Shopify (SHOP) - RBC

RBC Capital analyst Mark Mahaney reiterated an Outperform rating and $1,000.00 price target on Shopify (NYSE: SHOP), saying the BigCommerce S-1 given them greater conviction.

The analyst commented, "We extract learnings on Shopify from the recent BigCommerce filing. We come away with greater conviction that i) Shopify is experiencing near-term acceleration in its business, ii) Shopify is addressing an extremely large market opportunity, and iii) its position as the leading Retail OS provider is large and increasing."

For an analyst ratings summary and ratings history on Shopify click here. For more ratings news on Shopify click here.

Shares of Shopify closed at $952.83 yesterday.

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