RBC Capital Remains Positive on Shopify Stock

RBC Capital’s analysts maintained their Outperform rating on Shopify (NYSE:SHOP) with a price target of $80.00. The analysts pointed to data from multiple external sources indicating robust adoption of Shopify Plus, Pay, and POS. This suggests Shopify is maintaining solid momentum with merchants, and an uptick in MRR (monthly recurring revenue) growth is probable.
The analysts believe that GMV (gross merchandise value) growth aligns with the consensus expectations. They continue to maintain an Outperform rating due to Shopify’s vast market potential, enhanced profitability, and effective product delivery.

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