Shopify's Europe Growth Impresses, But Analyst Still Holds Back
ShopifyShopify(US:SHOP) Benzinga·2025-10-04 00:31

Backed by expansion opportunities, Shopify Inc (NASDAQ:SHOP) continues to "demonstrate solid growth,” according to TD Cowen.The Shopify Analyst: Analyst Daniel Chan resumed coverage with a Hold rating, while raising the price target from 130to130 to 156.The Shopify Thesis: With strong execution across Europe, the company achieved 42% year-on-year growth in gross merchandise value (GMV) on the continent in the second quarter, implying market share gains, Chan said in the reinitiation note.Check out other analys ...

Shopify's Europe Growth Impresses, But Analyst Still Holds Back - Reportify