DA Davidson lowered the firm’s price target on Shopify (SHOP) to $140 from $195 and keeps a Buy rating on the shares after its Q1 results. The company’s Q2 outlook implies a slight deceleration but no signs of weakness in business fundamentals, the analyst tells investors in a research note. The firm adds that its reduced price target reflects a lower premium to Shopify’s growth peers.
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- Shopify price target lowered to $140 from $150 at Jefferies
- Shopify Buy Rating Reaffirmed as Strong Q1 and Underappreciated Growth Offset Market Concerns
- Arjun Bhatia Reiterates Buy on Shopify, Citing Sustained 30%+ Growth, Strong FCF Margins, and Long-Term Advantage in Emerging Agentic Commerce
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