Shopify price target lowered to $115 from $136 at Roth Capital

Roth Capital lowered the firm’s price target connected Shopify (SHOP) to $115 from $136 and keeps a Buy standing connected the shares. The firm’s Q1 merchant checks suggest 21% year-over-year mean growth, beneath Roth’s 25% gross merchandise measurement maturation estimate. However, Shopify has outperformed Roth’s survey enactment by 590 ground points the past 4 quarters, the expert tells investors successful a probe note. Nonetheless, Roth says its merchant checks suggest immoderate user softness trends successful 2nd fractional of March and archetypal fractional of April, which drives “modest” estimation revisions downward for the remainder of 2025.

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