Credit Suisse cuts Shopify TP to $850, raises revenue estimates







Newswires MT 2022

All news from SHOPIFY INC.
3:05 p.m. CANADIAN SCHOLARSHIPS NEWSLETTER : Among sectors, Info Tech down 6% and Finance down 1.3%; But Mate…

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3:04 p.m. CANADIAN SCHOLARSHIPS NEWSLETTER : US markets underperform as Fed’s Bullard says rates could..

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3:02 p.m. CANADIAN SCHOLARSHIPS NEWSLETTER : between the last hour down nearly 160 points, adding to nearly 120 points lost on Wednesday.

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01:54 RBC Capital continues to outperform Shopify, but further cuts TP to US$1,300

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01:42 Wedbush continues to outperform, US$937 TP on Shopify

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1:19 p.m. Credit Suisse cuts Shopify TP to $850, raises revenue estimates

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12:33 p.m. Oppenheimer adjusts Shopify price target to $960 from $1,350, maintains outperformance rate.

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11:03a Global-E share up 25% after Q4 revenue, forecast

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10:50 a.m. Shopify shares fall again, analysts lower price targets

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10:46a Credit Suisse lowers Shopify’s price target to $850 from $1,300 due to lower available cash.

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SHOPIFY INC. Analyst Recommendations

2022 sales 6,084 million

2022 net income -297M

Net cash 2022 8,160M

PER 2022 ratio -333x
2022 return
Capitalization 94,067M
94,067M
EV / Sales 2022 14.1x
EV / Sales 2023 10.6x
# of employees 7,000
Floating 87.8%


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Shopify Inc. Technical Analysis Chart |  MarketScreener

Trends Technical Analysis SHOPIFY INC.

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Tendencies Bearish Bearish Bearish



Evolution of the income statement

To sell

To buy

Medium consensus SURPASS
Number of analysts 44
Last closing price

$746.85

Average target price

$1,149.45

Average Spread / Target 53.9%