Mizuho analyst Siti Panigrahi raised the firm’s price target on Shopify (SHOP) to $105 from $68 and keeps a Neutral rating on the shares following the Q3 report. The firm says management is now prioritizing growth reinvestment over further free cash flow margin expansion, aiming to maintain the current high-teens margin level.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SHOP: