Broker Recommendations

07-21 Shopify Shares Fall After Rothschild & Co Redburn Downgrade MT
07-21 Rothschild & Co Redburn Downgrades Shopify to Neutral From Buy, Adjusts Price Target to $130 From $160 MT
07-13 Shopify in the green, a Jefferies upgrade lends support Zonebourse
07-10 Stifel Nicolaus Upgrades Shopify to Buy From Hold MT
06-16 Shopify's Early Adoption of AI Supports Product Innovation Flywheel, Oppenheimer Says MT
05-06 UBS Adjusts Price Target on Shopify to $130 From $145, Maintains Neutral Rating MT
05-06 Oppenheimer Adjusts Price Target on Shopify to $175 From $200, Maintains Outperform Rating MT
05-05 Piper Sandler Cuts Shopify Price Target to $150 From $165, Overweight Rating Kept MT
04-22 Shopify Q1 Results, Q2 Outlook Seen Ahead of Consensus, RBC Says MT
04-22 RBC Keeps Shopify's Outperform Rating, US$170 Price Target, Ahead of Q1 Results MT
04-16 CIBC Provides Q1 Preview for Shopify; Says Strong Quarter And 2026 Outlook Expected MT
04-01 Shopify Seen Growing Steadily as Longtime Customers Spend More, Oppenheimer Says MT
03-18 Shopify Likely to Benefit From Payment Terms, Oppenheimer Says MT
02-27 RBC Reiterates Shopify's Outperform Rating, US$170 Price Target MT
02-20 Shopify's Growth-Profit Strategy Intact, Margins Seen Stable, Oppenheimer Says MT
02-19 Phillip Securities Upgrades Shopify to Buy MT
02-19 Phillip Securities Initiates Coverage on Shopify With Buy Rating MT
02-17 Shopify Shares Rise After Truist Upgrade MT
02-17 Truist Upgrades Shopify to Buy From Hold, Adjusts Price Target to $150 From $110 MT
02-17 Shopify Brief: Truist Says "Oppty Emerges W/Market Dislocation; Fundamental Growth Drivers Well Intact"; Upgrades SHOP to Buy and US$150 PT MT
02-12 UBS Adjusts Shopify Price Target to $145 From $165, Maintains Neutral Rating MT
02-12 CIBC Cuts Shopify's Price Target to US$185, Maintains Outperformer Rating MT
02-12 Deutsche Bank Adjusts Price Target on Shopify to $175 From $195, Maintains Buy Rating MT
02-12 RBC Cuts Price Target on Shopify to $170 From $200, Keeps Outperform Rating MT
02-12 Shopify Brief: Kept Outperform, Price Target Cut To US$160 From $185 at Wedbush, Which Noted "Relentless Software Beatdown Overwhelms Strong Results" MT
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