Barclays analyst Trevor Young raised the firm’s price target on Shopify (SHOP) to $93 from $70 and keeps an Equal Weight rating on the shares. The company’s Q3 beat across all key lines and the Q4 guide ahead of estimates drove a stock rally, the analyst tells investors in a research note.
Don't Miss our Black Friday 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