Shopify's earnings beat fails to reassure investors, shares drop

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Shopify (SHOP) PT Raised to $95 at Barclays on 3Q Beat; 'Impressive Top-Line Performance From Plus & SMB Businesses'

November 1, 2017 12:05 PM EDT

Barclays raised its price target on Shopify (NYSE: SHOP) to $95.00 (from $90.00) while maintaining a Equalweight rating, following the company's third quarter earnings report.

Analyst Deepak Mathivanan notes an improved outlook on the shares, as the company reported quarter earnings per share, gross profit and... More