From Financial Modeling Prep: 2025-05-06 09:50:00

BMO Capital initiated coverage on Shopify (NASDAQ:SHOP) with an Outperform rating and a $120 price target. They highlighted the e-commerce platform’s improving fundamentals and long-term growth potential post logistics exit. Shopify has shown stronger growth and operating leverage, with multiple avenues for expansion. Despite tariffs, its flexible platform allows quick adaptation, giving it a competitive edge.



Read more at Financial Modeling Prep:: BMO Capital Starts Shopify at Outperform, Notes Im…