Shopify (SHOP) Tops Q3 EPS by 1c

Go back to Shopify (SHOP) Tops Q3 EPS by 1c

Shopify (SHOP) PT Raised to $48 at Baird

November 3, 2016 6:39 AM EDT

Baird analyst Colin Sebastian reiterated an Outperform rating on Shopify (NYSE: SHOP) and boosted his price target to $48.00 (from $40.00) as the Q3 beat highlights best-in-class SMID-cap growth story.

Sebastian commented, "Shopify reported another beat-and-raise quarter, with revenue growth exceeding consensus estimates... More