Shopify 'Fires On All Cylinders' As Q2 Results Trigger Bullish Analyst Forecasts
1. Shopify reported strong Q2 sales, boosting analyst price targets significantly. 2. JMP Securities raised its target from $135 to $185, maintaining Outperform rating. 3. JPMorgan increased its target from $115 to $179, citing robust growth metrics. 4. Needham upheld a Buy rating with a $180 target, highlighting international performance. 5. Shopify's competitive position is improving with new features and market share gains.