Shopify (SHOP) PT Lowered to $170 at RBC Capital

RBC Capital analyst Paul Treiber lowered the price target on Shopify (NASDAQ: SHOP) to $170.00 (from $200.00) while maintaining an Outperform rating.

The analyst commented: "Even though there were a few nitpicks (e.g., FCF, taxes), Shopify reported a fundamentally strong quarter. For example, Q4 revenue beat consensus by 2.2% and Q1 guidance implies revenue growth rises to a 4-year high, above consensus. Although we believe that Shopify is likely to be an AI beneficiary, Shopify's shares are getting caught up in broader AI disruption fears. Continued strong growth and AI traction may help stabilize Shopify's valuation. Maintain Outperform, price target moves from $200.00 to $170.00."

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