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0 -0.000754030161206501 -0.00044201768070727 -0.000650026001040042 0.00561622464898588 0.0092563702548102 0.0113364534581384 0.0113364534581384
Stock impact report

Shopify stock: Analysts cut price targets; weakness 'a buying opportunity', some say [Yahoo! Finance Canada]

Evercore Inc. Class A (EVR) 
Last evercore inc. class a earnings: 4/22 06:00 am Check Earnings Report
presents a buying opportunity for investors. (THE CANADIAN PRESS/Sean Kilpatrick) (The Canadian Press) More Several analysts cut their price targets for Shopify ( SHOP.TO SHOP ) following the release of quarterly earnings that resulted in shares plunging 19 per cent , but some say the dip presents a buying opportunity for investors. Shares of the e-commerce software company fell 19 per cent on Wednesday after the company forecast slower sales growth and a decline in gross margins for the second quarter, sparking investor concern. Shopify says it expects sales in the second quarter to grow at a high-teens percentage year-over-year, down from the last few quarters which saw average growth of about 26 per cent. The results prompted analysts across the board to slash their 12- to 18-month price targets for U.S.-listed shares of Shopify. CIBC Capital Markets cut its 12- to 18-month price target from US$100 per share to US$85 per share; RBC Capital Markets reduced its target from US Show less Read more
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