Shopify (SHOP) Tops Q2 EPS by 6c, Offers Outlook

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Go back to Shopify (SHOP) Tops Q2 EPS by 6c, Offers Outlook

Shopify (SHOP) PT Lowered to $90 at Citi

August 8, 2024 4:58 AM EDT

Citi analyst Tyler Radke lowered the price target on Shopify (NYSE: SHOP) to $90.00 (from $97.00) while maintaining a Buy rating.

The analyst comments "We remain buyers of SHOP following a very strong 2Q which assuaged investor concerns on the top-line and bottom line. Against a... More

Shopify (SHOP) PT Raised to $85 at Morgan Stanley

August 7, 2024 4:10 PM EDT

Morgan Stanley analyst Keith Weiss raised the price target on Shopify (NYSE: SHOP) to $85.00 (from $80.00) while maintaining a Overweight rating.

The analyst comments "Growth initiatives across Enterprise, POS & International enable Shopify to exceed top-line expectations despite an uneven macro. At the same time,... More

Shopify stock soars over 20% on very strong Q2 report, upbeat guidance

August 7, 2024 7:14 AM EDT

(Updated - August 7, 2024 9:45 AM EDT)

Shopify (NYSE: SHOP) saw its shares soar more than 20% in premarket trading Wednesday after the e-commerce company posted better-than-expected results for the fiscal second quarter and issued upbeat guidance for the current quarter.

The company reported Q2 earnings per share (EPS) of $0.26, beating the consensus projection of $0.20. Revenue came in at... More