Roth Capital lowered the firm’s price target on Shopify (SHOP) to $115 from $136 and keeps a Buy rating on the shares. The firm’s Q1 merchant checks suggest 21% year-over-year average growth, below Roth’s 25% gross merchandise volume growth estimate. However, Shopify has outperformed Roth’s survey work by 590 basis points the last four quarters, the analyst tells investors in a research note. Nonetheless, Roth says its merchant checks suggest some consumer softness trends in second half of March and first half of April, which drives “modest” estimate revisions downward for the remainder of 2025.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SHOP:
- Klaviyo price target lowered to $37 from $54 at Baird
- Shopify price target lowered to $105 from $140 at KeyBanc
- More Companies Like PayPal and Shopify (SHOP) Are Choosing AI over Workers
- Shopify price target lowered to $125 from $145 at RBC Capital
- Shopify price target lowered to $115 from $155 at Redburn Atlantic