On Nov 14, major Wall Street analysts update their ratings for $Shopify (SHOP.US)$, with price targets ranging from $110 to $135.
Morgan Stanley analyst Keith Weiss maintains with a buy rating, and adjusts the target price from $85 to $126.
UBS analyst Timothy Chiodo maintains with a hold rating, and adjusts the target price from $75 to $110.
Wells Fargo analyst Andrew Bauch maintains with a buy rating, and maintains the target price at $120.
Evercore analyst Mark Mahaney maintains with a buy rating, and maintains the target price at $125.
Loop Capital analyst Anthony Chukumba maintains with a hold rating, and adjusts the target price from $90 to $110.
Furthermore, according to the comprehensive report, the opinions of $Shopify (SHOP.US)$'s main analysts recently are as follows:
Shopify's Q3 performance indicates its ongoing growth in the e-commerce sector, with significant contributions coming from its international and enterprise segments. The company's revenue upside and the quickening pace of growth are key factors in anticipating its future valuation.
Shopify's third quarter performance surpassed expectations on all major metrics, leading to a fourth quarter forecast that also exceeds estimates. This development resulted in a positive reaction in the stock market.
Shopify's third-quarter results surpassed expectations, underpinned by a robust consumer spending environment. The company is showing signs of momentum and gaining market share, bolstered by strategic investments in performance marketing and enterprise-grade solutions. Additionally, Shopify's gross merchandise volume continues to exceed three times that of the U.S. e-commerce market, marking five quarters of consistent growth, indicative of its strong positioning in the U.S. eCommerce sector and potential in developing markets.
Shopify's third-quarter outcomes displayed a marked sequential increase in revenue growth from the second quarter, alongside a substantial rise in operating margins. What stood out was the company's top-line growth, which was notably striking as it surpassed double the rate of growth in sales and marketing expenses.
Shopify has demonstrated strong third-quarter results and provided guidance for the fourth quarter that surpasses consensus expectations, which resulted in a significant stock rally driven by heightened investor insight into the company's long-term growth and profit margins. Notably, the company is experiencing widespread market share expansion and encouraging preliminary signs across various segments.
Here are the latest investment ratings and price targets for $Shopify (SHOP.US)$ from 11 analysts:
Note:
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