Canaccord Genuity Upgrades Shopify (SHOP) to Buy
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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
Shopify (SHOP) Tops Q4 EPS by 5c; Issues Q1, FY16 Guidance
February 17, 2016 7:02 AM ESTShopify (NYSE: SHOP) reported Q4 EPS of ($0.01), $0.05 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $70.2 million versus the consensus estimate of $61.2 million.
GUIDANCE:
Shopify sees Q1 2016 revenue of $65 - $67 million, versus the consensus of $62.1 million.... More
