Shopify (SHOP) Tops Q4 EPS by 2c; Guides Above Views
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February 16, 2017 9:14 AM EST
Mackie Research Capital analyst Nikhil Thadani reiterates Buy and raises prices target on Shopify Inc. (NYSE: SHOP) to $70 (from $60), suggesting the company's strong execution justifies premium valuation following 2017 revenue guidance above estimates.
Thadani writes, "SHOP has maintained its valuation premium even as SaaS multiples... More
February 16, 2017 7:27 AM EST
Wedbush analyst Aaron Turner reiterates Outperform rating and raises price target on Shopify Inc. (NYSE: SHOP) to $75 (from $50), noting strong above industry growth, as the company reported 2016 fourth revenue well above expectations.
Turner comments, "We expect Shopify to continue to grow at... More
February 15, 2017 5:28 PM EST
Baird raised its price target on Shopify (NYSE: SHOP) to $69.00 (from $48.00) while maintaining a Outperform rating following strong results.
Analyst Colin Sebastian commented, "Shopify reported Q4 results above consensus on the top and bottom line, driven by strength across both Subscription and Merchant... More
