Shopify (SHOP) Tops Q1 EPS by $1.28, Offers Outlook

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Go back to Shopify (SHOP) Tops Q1 EPS by $1.28, Offers Outlook

Shopify (SHOP) PT Raised to $1,400 at Stifel Following Earnings

April 28, 2021 1:56 PM EDT

Stifel analyst Scott Devitt raised the price target on Shopify (NYSE: SHOP) to $1,400.00 (from $1,200.00) while maintaining a Buy rating.

The analyst commented, "Shopify reported impressive 1Q:21 results that exceeded our estimates and consensus. GMV growth accelerated to 114% y/y from 99% in 4Q, driven by... More