Shopify (SHOP) PT Raised to $1,700 at RBC Capital

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Go back to Shopify (SHOP) PT Raised to $1,700 at RBC Capital

Shopify (SHOP) Unite 2021 Developers Conference Aftermath: Two PT Hikes to Reflect a Robust Developer Ecosystem

June 30, 2021 11:11 AM EDT

Shopify (NYSE: SHOP) yesterday hosted its Shopify Unite 2021 developers conference to present several new features and a new revised revenue-sharing model.

Among other things, the management introduced Online Store 2.0, a faster Shopify Checkout version, as well as a new feature called Checkout Extensions to allow developers to build Checkout applications.

Management disclosed several impressive metrics during Shopify Unite 2021 (some of which the company had not previously disclosed), including: (1) there are over 1.7M Shopify merchants; (2) over 450M people (~8% of the worlds population) checked out on Shopify in 2020, generating nearly $120B in gross... More

Shopify (SHOP) PT Raised to $1,600 at Loop Capital Following Following Shopify Unite Event

June 30, 2021 7:35 AM EDT

Loop Capital analyst Anthony Chukumba raised the price target on Shopify (NYSE: SHOP) to $1,600.00 (from $1,400.00) while maintaining a Buy rating after the company's Shopify Unite 2021 developers conference.

The analyst commented, "Yesterday Shopify held its Shopify Unite 2021 developers conference, in which the company introduced... More