Shopify: Moschopoulos Reiterates Buy as Strong Fundamentals and Margin Discipline Offset Trimmed Price Target
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BMO Capital analyst Thanos Moschopoulos reiterated a Buy rating on Shopify, setting a price target of $145. He cites strong fundamentals, including revenue and profit exceeding expectations, and effective cost control leading to margin expansion. Despite trimming the price target due to a cautious valuation environment, he believes Shopify's long-term growth potential remains undervalued. KeyBanc also maintained a Buy rating with a $160 target.
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