Shopify price target raised to $75 from $65 at Mizuho

Mizuho analyst Siti Panigrahi raised the firm’s price target on Shopify to $75 from $65 and keeps a Neutral rating on the shares. The company reported strong Q4 results, delivering revenue and gross merchandise volume ahead of consensus expectations as it continued to benefit from price increases, broader product adoption, and international traction, the analyst tells investors in a research note. However, margin came in slightly below estimates, says the firm.