Analysts at Citi raised their price target on Shopify to $96, up from its previous level of $87
Shopify Price Target Raised to US$100 at CIBC
Barclays analyst Trevor Young maintains Shopify Equal-Weight and raises the price target from $53 to $70.
Wells Fargo Adjusts Price Target on Shopify to $90 From $70, Maintains Overweight Rating
Oppenheimer Raises Shopify's Price Target to $90 From $80, Maintains Outperform Rating
Deutsche Bank Raises Shopify's Price Target to $95 From $85, Maintains Buy Rating
This is for potential buy back:
Wells Fargo analyst Andrew Bauch reaffirmed his overweight rating on the e-commerce services stock while lifting the price target from $80 to $90 per share. In a note to clients, Bauch said that a robust holiday shopping season was already baked into Shopify's stock price. In order to go higher from here, he's looking for product updates and long-lasting profit margin improvements.
Management has been focusing on profitability, a strategy that has been paying off. In Q3, Shopify delivered its fourth consecutive quarter of positive free cash flow and has generated a profit in two of the past three quarters.
Shopify’s fourth-quarter 2023 results are expected to have benefited from investments in developing the best solutions for modern e-commerce. These are expected to have helped it expand its merchant base.
I expect shop to test the sell off at these levels.
target 120-138 after earnings 2-3 months into next quarter.
Shopify Price Target Raised to US$100 at CIBC
Barclays analyst Trevor Young maintains Shopify Equal-Weight and raises the price target from $53 to $70.
Wells Fargo Adjusts Price Target on Shopify to $90 From $70, Maintains Overweight Rating
Oppenheimer Raises Shopify's Price Target to $90 From $80, Maintains Outperform Rating
Deutsche Bank Raises Shopify's Price Target to $95 From $85, Maintains Buy Rating
This is for potential buy back:
Wells Fargo analyst Andrew Bauch reaffirmed his overweight rating on the e-commerce services stock while lifting the price target from $80 to $90 per share. In a note to clients, Bauch said that a robust holiday shopping season was already baked into Shopify's stock price. In order to go higher from here, he's looking for product updates and long-lasting profit margin improvements.
Management has been focusing on profitability, a strategy that has been paying off. In Q3, Shopify delivered its fourth consecutive quarter of positive free cash flow and has generated a profit in two of the past three quarters.
Shopify’s fourth-quarter 2023 results are expected to have benefited from investments in developing the best solutions for modern e-commerce. These are expected to have helped it expand its merchant base.
I expect shop to test the sell off at these levels.
target 120-138 after earnings 2-3 months into next quarter.
Their Q4 and full-year 2023 financial results showed strong growth, with increased revenue and gross merchandise volume. Considering both the growth and the guidance i am still bullish on the stock.
target 120-138 after earnings 2-3 months into next quarter.