Shopify (SHOP) Tops Q3 EPS by 62c, Revenue Beats

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Shopify (SHOP) PT Raised to $1,290 at RBC Capital Following EPS

October 29, 2020 1:12 PM EDT

RBC Capital analyst Mark Mahaney raised the price target on Shopify (NYSE: SHOP) to $1,290.00 (from $1,250.00) while maintaining an Outperform rating following results.

The analyst commented, "Shopify posted a Solid Beat Q2, w/ Revenue & Op Income well ahead of RBC/Street. GMV... More