RBC Capital analyst Paul Treiber maintained a Buy rating on Shopify (NYSE:SHOP) on Thursday, setting a price target of $1500, which is approximately 26.85% above the present share price of $1182.51.
Treiber expects Shopify to post earnings per share (EPS) of $1.01 for the second quarter of 2021.
The current consensus among 30 TipRanks analysts is for a Moderate Buy rating of shares in Shopify, with an average price target of $1482.21.
The analysts price targets range from a high of $1900 to a low of $1100.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $977.74 million and a net profit of $112.54 million. The company's market cap is $147.04 billion.
According to TipRanks.com, RBC Capital analyst Paul Treiber is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 21.9% and a 76.09% success rate.
Founded in 2004, Canada-based Shopify, Inc. operates a cloud-based commerce platform designed for small and medium-sized businesses. Its software is used by merchants to run business across all sales channels, including web, tablet and mobile storefronts, social media storefronts, and brick-and-mortar and pop-up shops.