Shopify price target raised to $92 from $85 at BofA

BofA raised the firm’s price target on Shopify to $92 from $85 and keeps a Neutral rating on the shares after the company reported “healthy” Q4 topline results. The firm is raising its price target to reflect higher revenue growth estimates, largely driven by the company’s price increase, but keeps a Neutral rating, pending signs of better monetization, growth and margins.