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.
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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
