Shopify Posts Solid Q4, Analysts Expect Further Market Share Gains
1. Shopify's Q4 revenue beat expectations at $2.812 billion, growing 31% year-on-year. 2. Goldman Sachs raised the price target to $150, maintaining a Buy rating. 3. JPMorgan sees strong revenue growth, but cautious on near-term profitability expansion. 4. Management guided mid-20s revenue growth for Q1, signaling growth potential. 5. Concerns rise over operating income guidance being 10% below estimates.