Shopify’s (SHOP) Black Friday-Cyber Monday sales reached $14.6B, with growth accelerating to an estimated 29% for Cyber Weekend/Monday, supporting the Q4 consensus outlook of 28% year over year, Raymond James tells investors in a research note. The firm says larger cart sizes and broader consumer participation helped drive results, but stronger holiday performance beyond BFCM will be needed to push GMV meaningfully above the $121B consensus. Raymond James has a Market Perform rating on the shares.
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