Citizens lowered the firm’s price target on Shopify (SHOP) to $150 from $160 and keeps an Outperform rating on the shares. Shopify delivered stronger-than-expected results with robust GMV growth, expanding operating margins, and slightly better-than-consensus revenue guidance, reflecting broad-based merchant strength, disciplined execution, and continued investment in AI and customer acquisition to support cohort expansion, the analyst tells investors in a research note.
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Read More on SHOP:
- Shopify Inc. Earnings Call Signals AI-Fueled Surge
- 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
- Shopify price target lowered to $150 from $165 at Piper Sandler