Shopify (SHOP) Shows GMV Strength, Prompts Canaccord to Lift Price Target [Yahoo! Finance]
Shopify Inc. - Class A Subordinate Voting Shares (SHOP)
Last shopify inc. - class a subordinate voting shares earnings: 2/12 07:00 am
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US:NYSE Investor Relations:
investors.shopify.com/home/default.aspx
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Source: Yahoo! Finance
November 4, Canaccord analyst David Hynes reaffirmed his bullish view on the company, assigning a Buy rating and increasing his price target from $165 to $185. The analyst's update follows the company's Q3 results, which showed broad-based strength and came in ahead of expectations. Shopify (SHOP) Shows GMV Strength, Prompts Canaccord to Lift Price Target While the Monthly Recurring Revenue (MRR) growth has slowed, the analyst viewed it as in line with expectations, considering the weakness in last quarter's MRR due to changes in the trial structure. On the other hand, the highlight of the results was the 32% year-over-year growth in Gross Merchandise Volume (GMV) to $92 billion, which came in substantially ahead of expectations, according to Hynes. Meanwhile, with strong GMV growth, the company also saw a 32% increase in revenue to $2.84 billion. EPS came in at $0.34, which was modestly ahead of expectations. While North America remains the main driver, the company reports seei
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SHOP
News
- Shopify Stock (SHOP): Is It A Hold Or Buy? | 2-Minute Analysis [Seeking Alpha]Seeking Alpha
- Shopify (NASDAQ:SHOP) (TSE:SHOP) was upgraded by analysts at TD Securities to a "hold" rating.MarketBeat
- Shopify Inc. (SHOP): A Bull Case Theory [Yahoo! Finance]Yahoo! Finance
- Shopify (NASDAQ:SHOP) (TSE:SHOP) had its "market outperform" rating reaffirmed by analysts at Citigroup Inc..MarketBeat
- Shopify (NASDAQ:SHOP) (TSE:SHOP) was given a new $195.00 price target on by analysts at UBS Group AG.MarketBeat
SHOP
Earnings
- 11/4/25 - Miss
SHOP
Sec Filings
- 12/5/25 - Form 144
- 12/2/25 - Form 8-K
- 11/10/25 - Form 144
- SHOP's page on the SEC website