Cantor Fitzgerald analyst Deepak Mathivanan raised the firm’s price target on Shopify (SHOP) to $181 from $156 and keeps a Neutral rating on the shares. Shopify delivered strong Q3 results and guidance for Q4 revenue was consistent with Q3, the analyst tells investors in a research note. Shopify is well-positioned to sustain strong growth as Agentic commerce becomes more mainstream, Cantor says.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SHOP:
- 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
- Shopify price target raised to $180 from $179 at JPMorgan