Shopify (SHOP) PT Lowered to $65 at Stifel
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Go back to Shopify (SHOP) PT Lowered to $65 at Stifel
May 9, 2024 6:34 AM EDT
RBC Capital analyst Paul Treiber lowered the price target on Shopify (NYSE: SHOP) to $85.00 (from $100.00) while maintaining a Outperform rating.
The analyst comments "Shopify's shares dropped 19% today as Q2 guidance calls for lower than expected margins due to new investments and less than... More
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
May 9, 2024 5:15 AM EDT
Deutsche 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
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
