Shopify beats Q4 expectations, with GMV of $123.8B and revenue of $3.7B. Analysts cut price targets but maintain positive ratings.
Shopify Inc (NASDAQ: SHOP) saw a decline in shares despite a positive fourth-quarter report. Analyst reactions included: Wedbush cut price target to $160, Goldman Sachs to $168, Needham maintained at $180, and JPMorgan reduced to $146. Shopify's GMV was $123.8 billion, up 31.1% YoY, exceeding consensus. Revenue was $3.7 billion, up 30.6% YoY, beating expectations by 2%. Q1 revenue growth is expected in low 30%. Perceived AI risks in eCommerce models exist according to analysts. Shopify's full story can be found on Benzinga.com.
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