Scotiabank raised the firm’s price target on Shopify (SHOP) to $165 from $150 and keeps a Sector Perform rating on the shares. The company delivered a “standout” quarter, reinforcing its position as a category leader, the analyst tells investors.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
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 $181 from $156 at Cantor Fitzgerald
- Commerce launches new Feedonomics apps for Shopify merchants
- Shopify price target raised to $195 from $185 at DA Davidson
- Shopify’s Mixed Financial Indicators and Macroeconomic Uncertainties Justify Hold Rating
- Shopify price target raised to $190 from $180 at BMO Capital