Shopify's revenue rises in run-up to key holiday season; shares up
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Shopify (SHOP) PT Lowered to $1,550 at Stifel
October 28, 2021 3:47 PM EDTStifel 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
