Shopify may raise Plus pricing in next few quarters, says Barclays

Barclays analyst Trevor Young says that following the 33% increase to monthly small business plans earlier this year, we Shopify may raise Plus pricing in the next few quarters. An upside case points to $525M of incremental revenue, but a more conservative base case would be less than half that, the analyst tells investors in a research note. The firm says high flow-through to operating income suggests this could drive nearly 20% upside to estimates. It keeps an Equal Weight rating on Shopify with a $53 price target.