Reported about 11 hours ago
Bank of America Securities has increased its price target for Shopify Inc. (SHOP) from $110 to $185 while retaining a Buy rating. This decision follows Shopify's impressive fiscal second quarter results, where the company reported $2.68 billion in revenue — a 31% increase from the previous year — and an EPS of $0.35, exceeding expectations. The analyst emphasized the successful growth initiatives and the positive impact of the company's merchant solutions on revenue growth, contributing to its long-term potential.
Source: YAHOO