Benchmark raised the firm’s price target on Shopify (SHOP) to $190 from $140 and keeps a Buy rating on the shares following earnings. After the company delivered 31% year-over-year gross merchandise value growth, the firm noted that one needs to “go back 3.5 years (4Q’21) to top this y/y growth.”
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Read More on SHOP:
- Shopify price target raised to $185 from $135 at Citizens JMP
- Shopify price target raised to $175 from $145 at KeyBanc
- Shopify price target raised to $120 from $94 at Barclays
- Shopify price target raised to $179 from $115 at JPMorgan
- Shopify downgraded to Sector Perform from Outperform at ATB Capital