Shopify (SHOP) Tops Q1 EPS by 3c, Offers Guidance
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Shopify (SHOP) PT Lowered to $78 at BofA Securities
May 9, 2024 6:07 AM EDTBofA 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
Shopify (SHOP) PT Lowered to $80 at Deutsche Bank
May 9, 2024 5:15 AM EDTDeutsche Bank analyst Bhavin Shah lowered the price target on Shopify (NYSE: SHOP) to $80.00 (from $95.00) while maintaining a Buy rating.
The analyst comments "Shopifys 1Q results highlight how strong merchant migrations, particularly within Shopify Plus, is enabling the company to outpace overall ecommerce... More
Piper Sandler Upgrades Shopify (SHOP) to Neutral
May 9, 2024 4:55 AM EDTPiper 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 EDTRoth/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
Shopify (SHOP) stock dips 16% on disappointing Q2 revenue outlook
May 8, 2024 7:25 AM EDTShopify (NYSE: SHOP) shares plunged 16.5% in premarket trading Wednesday after the company issued a downbeat revenue forecast for the fiscal Q2 2024.
For the fiscal Q1, the e-commerce firm posted earnings per share (EPS) of $0.20, surpassing analysts' estimates of $0.17. The company's revenue reached $1.9 billion, also... More
