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Shopify gets new $1250 Price Target

Highest price target by any bank so far.

“The reality is if we take the stock price increases and the respective valuations in isolation, it would most certainly be reasonable to say they’re looking stretched on short-term numbers – we’d be foolish not to acknowledge that,” analyst Richard Tse told clients in a note.

“While the valuation on next year’s number may look robust across many of our coverage names, when we look at the implied growth rates of our analysis relative to the sector – those valuations may not be so stretched after all,” Tse added.

 

 

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