Shopify (SHOP) Misses Q3 EPS by 54c

Go back to Shopify (SHOP) Misses Q3 EPS by 54c

Shopify (SHOP) PT Lowered to $1,550 at Stifel

October 28, 2021 3:47 PM EDT

Stifel analyst Scott Devitt lowered the price target on Shopify (NYSE: SHOP) to $1,550.00 (from $1,650.00) while maintaining a Buy rating.

The analyst commented, "This morning, Shopify reported 3Q results that were below expectations. GMV growth in the quarter was approximately 440bps below consensus as... More