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Shopify (SHOP) PT Raised to $212 at Rosenblatt

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February 14, 2019 7:12 AM EST
Get Alerts SHOP Hot Sheet
Price: $134.10 --0%

Rating Summary:
    48 Buy, 16 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 4 | New: 56
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Rosenblatt analyst Mark Zgutowicz raised the price target on Shopify (NYSE: SHOP) to $212.00 (from $190.00) while maintaining a Buy rating.

Zgutowicz commented, "As SHOP's multiple edges higher, we look for what's new underneath for support. Two things: 1) Large DTC (direct-to-consumer) companies are taking back ownership of their brands, largely from Amazon, and leveraging SHOP's platform, and 2) 5 new localized Int'l markets representing $300B+ GMV are the focus for '19 and will soon begin to scale."


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