Shopify Announces Fourth-Quarter and Full Year 2016 Financial Results
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Shopify (SHOP) PT Raised to $70 at Mackie Research on Strong Results and Guidance
February 16, 2017 9:14 AM ESTMackie Research Capital analyst Nikhil Thadani reiterates Buy and raises prices target on Shopify Inc. (NYSE: SHOP) to $70 (from $60), suggesting the company's strong execution justifies premium valuation following 2017 revenue guidance above estimates.
Thadani writes, "SHOP has maintained its valuation premium even as SaaS multiples... More
Shopify (SHOP) PT Raised to $75 at Wedbush Following Q4 Results; 'Spectacular Year'
February 16, 2017 7:27 AM ESTWedbush analyst Aaron Turner reiterates Outperform rating and raises price target on Shopify Inc. (NYSE: SHOP) to $75 (from $50), noting strong above industry growth, as the company reported 2016 fourth revenue well above expectations.
Turner comments, "We expect Shopify to continue to grow at... More
Shopify (SHOP) PT Raised to $69 at Baird Amid Strong Q4
February 15, 2017 5:28 PM ESTBaird raised its price target on Shopify (NYSE: SHOP) to $69.00 (from $48.00) while maintaining a Outperform rating following strong results.
Analyst Colin Sebastian commented, "Shopify reported Q4 results above consensus on the top and bottom line, driven by strength across both Subscription and Merchant... More
Shopify (SHOP) Tops Q4 EPS by 2c; Guides Above Views
February 15, 2017 7:01 AM ESTShopify (NYSE: SHOP) reported Q4 EPS of $0.00, $0.02 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $130.4 million versus the consensus estimate of $121.69 million.
GUIDANCE:
Shopify sees Q1 2017 revenue of $120-122 million, versus the consensus of $117.21 million.
Shopify sees FY2017 revenue of $580-600 million, versus the consensus of $563.32... More
