Barclays analyst Trevor Young lowered the firm’s price target on Shopify (SHOP) to $94 from $100 and keeps an Equal Weight rating on the shares. The company’s Q1 gross merchandise volume was in line with no signs of a slowdown so far in Q2, the analyst tells investors in a research note.
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Read More on SHOP:
- Shopify Reports Strong Q1 2025 Financial Results
- Positive Outlook on Shopify: Strong Revenue Growth and Merchant Solutions Drive Buy Rating
- Shopify upgraded to Outperform from Sector Perform at ATB Capital
- Cathie Wood’s ARK Investment buys 229K shares of Shopify today
- Shopify’s Earnings Call Highlights Strong Growth and Expansion
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