Shopify Announces Fourth-Quarter and Full Year 2018 Financial Results
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Shopify (SHOP) PT Raised to $212 at Rosenblatt
February 14, 2019 7:12 AM ESTRosenblatt analyst Mark Zgutowicz raised the price target on Shopify (NYSE: SHOP) to $212.00 (from $190.00) while maintaining a Buy rating.
Zgutowicz commented, "As SHOP's multiple edges higher, we look for what's new underneath for support. Two things: 1) Large DTC (direct-to-consumer) companies are taking back... More
Shopify (SHOP) PT Raised to $180 at Raymond James
February 13, 2019 7:26 AM ESTRaymond James analyst Brian Peterson raised the price target on Shopify (NYSE: SHOP) to $180.00 (from $155.00) while maintaining a Outperform rating.
... MoreShopify (SHOP) PT Raised to $188 at Baird
February 12, 2019 1:58 PM ESTBaird analyst Colin Sebastian raised the price target on Shopify (NYSE: SHOP) to $188.00 (from $165.00) while maintaining a Outperform rating.
... MoreShopify (SHOP) Falls 5% Post Earnings
February 12, 2019 8:07 AM ESTShopify (NYSE: SHOP) falls 5% in pre-open trading following fourth quarter results.
... MoreShopify (SHOP) Tops Q4 EPS by 6c, Revenues Beat; Offers Q1 & FY19 Revenue Guidance
February 12, 2019 7:08 AM ESTShopify (NYSE: SHOP) reported Q4 EPS of $0.26, $0.06 better than the analyst estimate of $0.20. Revenue for the quarter came in at $343.9 million versus the consensus estimate of $327.63 million.
Fourth-Quarter Financial Highlights
Total revenue in the fourth quarter was $343.9 million, a 54% increase from the comparable quarter in 2017.Subscription Solutions revenue grew 42% to $133.6 million. This increase was driven primarily by growth in Monthly Recurring Revenue1 ("MRR"), driven primarily by an increase in the number of merchants joining the Shopify platform.Merchant Solutions revenue grew 63%, to $210.3 million, driven primarily by the... More