Shopify price target raised to $84 from $80 at Seaport Research

Seaport Research analyst Jeff Cantwell raised the firm’s price target on Shopify to $84 from $80 and keeps a Buy rating on the shares. The company reported a “clean beat” across the board, the analyst tells investors. The firm believes shares will likely react fairly positively going forward despite the choppy macro and market’s recent penchant for volatility.