Barclays raised the firm’s price target on Shopify (SHOP) to $120 from $94 and keeps an Equal Weight rating on the shares. The company reported an 8% gross merchandise volume beat, and the results likely exceeded “lofty” buy-side expectations, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SHOP:
- Shopify price target raised to $179 from $115 at JPMorgan
- Shopify downgraded to Sector Perform from Outperform at ATB Capital
- Shopify’s Growth Potential Boosted by ChatGPT Integration and Strong Market Positioning
- Cathie Wood ‘Buys the Dip’ in AMD Stock after Q2 Results, Cuts Roblox and Palantir (PLTR) Stakes
- Shopify Reports Strong Q2 2025 Performance