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SHOP

Shopify

$92.11

2.27 (2.53%)

20:29
05/18/17
05/18
20:29
05/18/17
20:29

Shopify 5.5M share Secondary priced at $91.00

Morgan Stanley and Credit Suisse acted as joint book running managers for the offering.

  • 24

    May

  • 19

    May

SHOP Shopify
$92.11

2.27 (2.53%)

05/03/17
BOFA
05/03/17
DOWNGRADE
Target $84
BOFA
Underperform
Shopify downgraded to Underperform from Neutral at BofA/Merrill
BofA/Merrill analyst Brad Sills downgraded Shopify to Underperform citing valuation following the company's "strong" Q1 results. The analyst raised his price target for the shares to $84 from $62. Shopify is trading at the highest premium in our coverage universe, Sills tells investors in a post-earnings research note.
05/03/17
FBCO
05/03/17
NO CHANGE
Target $90
FBCO
Outperform
Shopify price target raised to $90 from $70 at Credit Suisse
Credit Suisse analyst Michael Nemeroff raised his price target for Shopify to $90 from $70 following quarterly results. The analyst reiterates an Outperform rating on the shares.
05/09/17
FBCO
05/09/17
NO CHANGE
Target $95
FBCO
Outperform
Shopify price target raised to $95 from $90 at Credit Suisse
Credit Suisse analyst Michael Nemeroff raised his price target for Shopify to $95 from $90 as he believes a premium multiple to the subscription software peer group is warranted given its unique cloud-based commerce platform and high value proposition as evidenced by its significant merchant/MRR momentum. He reiterates an Outperform rating on the shares.
05/15/17
BARD
05/15/17
NO CHANGE
Target $95
BARD
Outperform
Shopify survey supports positive view and growth outlook, says Baird
Baird analyst Colin Sebastian said Baird's proprietary small and midsize business survey suggests ongoing momentum for Shopify as an e-commerce solution provider. The analysts said the results reflects the company's continued product innovation, channel expansion, and ease of use relative to established and emerging competitors. Sebastian reiterated his Outperform rating and $95 price target on Shopify shares.

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