Piper Jaffray Starts Shopify (SHOP) at Overweight
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Wedbush Raises Price Target on Shopify (SHOP); Expects Growth to Continue From Healthy Merchant Additions
February 18, 2016 8:38 AM ESTWedbush reiterated an Outperform rating on Shopify (NYSE: SHOP), and raised the price target to $27.00 (from $25.00), following the company's 4Q earnings report. Revenue of $70.2 million was much higher than consensus $61.2 million. The company guided for FY16 revenues of $320 $330 million, considerably higher than consensus $287 million.... More
