Shopify (SHOP) May weekly option implied volatility into quarter results

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Shopify (SHOP) PT Lowered to $78 at BofA Securities

May 9, 2024 6:07 AM EDT

BofA Securities analyst Brad Sills lowered the price target on Shopify (NYSE: SHOP) to $78.00 (from $92.00) while maintaining a Neutral rating.

The analyst comments "Macro pressures to Shopifys GMV do not appear to be improving. With lower-margin payments business continues to pressure gross margin,... More

Piper Sandler Upgrades Shopify (SHOP) to Neutral

May 9, 2024 4:55 AM EDT

Piper Sandler analyst Michael Olson upgraded Shopify (NYSE: SHOP) from Underweight to Neutral with a price target of $63.00.

The analyst comments "Even with our negative bias on FY24 profits, we were surprised to see Q1 non-GAAP OpEx of $761M (+13%... More

Shopify (SHOP) PT Lowered to $77 at Roth/MKM

May 8, 2024 12:59 PM EDT

Roth/MKM analyst Darren Aftahi lowered the price target on Shopify (NYSE: SHOP) to $77.00 (from $89.00) while maintaining a Buy rating.

The analyst comments "Trends across SHOPs non-core businesses remained strong in 1Q, including payments, offline GMV, and international. Changes in marketing... More