Shopify (SHOP) Tops Q1 EPS by 6c on 75% Revenue Growth; Guides Above Views

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Go back to Shopify (SHOP) Tops Q1 EPS by 6c on 75% Revenue Growth; Guides Above Views

Shopify (SHOP) PT Raised to $90 at Canaccord Genuity on 1Q EPS/Revenue Beat; 'Continues to Deliver Exemplary Quarters'

May 2, 2017 3:46 PM EDT

Canaccord Genuity raised its price target on Shopify (NYSE: SHOP) to $90.00 (from $68.00) while maintaining a Buy rating, following the company's first quarter earnings results.

Analyst Richard Davis notes that management continues to execute in a challenging environment, as the company delivered first quarter earnings and revenue above consensus projections.

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