From The Motley Fool · Eric Volkman · · 30s
Shopify Stock Rises 4.9% After Analyst Boost
Shopify shares jumped 4.9% after Cantor Fitzgerald raised its price target to $158.
In brief
Shopify shares jumped 4.9% after Cantor Fitzgerald raised its price target to $158. Shopify stock rose 4.9% following Cantor Fitzgerald's price target increase to $158 per share. Originally reported by The Motley Fool.
Stock Surge
Shopify shares rose 4.9% after Cantor Fitzgerald raised its price target to $158 per share.
Analyst Update
Cantor Fitzgerald expects Shopify to beat revenue growth in the low 30% range for Q3 earnings.
Market Concerns
Shopify's AI inference costs and merchant solutions may pressure margins despite strong growth.
In short
Shopify stock rose 4.9% following Cantor Fitzgerald's price target increase to $158 per share.
