Baird analyst Colin Sebastian maintains $Shopify (SHOP.US)$ with a buy rating, and adjusts the target price from $79 to $90.
According to TipRanks data, the analyst has a success rate of 57.1% and a total average return of 14.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Shopify (SHOP.US)$'s main analysts recently are as follows:
The firm has enhanced its understanding of the Shopify platform by conducting a quarterly survey of current merchants. The findings were positive, revealing sequential improvements across several key areas such as sales channel utilization, Merchant Solutions engagement, sales trends, and overall merchant satisfaction.
The shares of Shopify are usually subject to volatility around the quarterly earnings period. The ongoing robust expansion in its core, Plus, international, and Enterprise offerings has continued to garner positive sentiment.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.