Baird Raises Price Target on Shopify to $120
- Analyst: Colin Sebastian (Baird)
- Rating: Outperform (reaffirmed)
- Price Target: Raised from $110 → $120
- Key Reasons:
- Stronger merchant trends and platform usage
- Confidence in Shopify’s long-term e-commerce leadership
- Continued growth in fulfillment and payment solutions
- SHOP last traded at $116.74, up +4.57%