The Globe and Mail reports in its Tuesday, Jan. 27, edition that RBC Dominion Securities analyst Paul Treiber is keeping his "outperform" rankiong for Shopify intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. Treiber continues to target the shares at $200 (all figures U.S.). Analysts on average target the shares at $180.64. Mr. Treiber says in a note: "We believe Shopify is likely to report solid Q4 results, with likely upside to consensus estimates of a similar magnitude as the last several quarters. While Q1 is seasonally soft, we believe Q1 consensus estimates are overly conservative and Q1 guidance may exceed consensus. Given Shopify's strong growth momentum and market enthusiasm for Shopify's AI innovations, we believe the stock is likely to continue to trade at the high end of its three-year historical range." The Globe reported on Jan. 9 that Mr. Treiber continued to rate Shopify "outperform." The shares could then be had for $164.48.
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