[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  DonCorleone77 [@CorleoneDon77](/creator/twitter/CorleoneDon77) on x 5317 followers Created: 2025-07-20 02:11:49 UTC $SHOP Attached is page X of a 16-page RBC Capital Markets analyst report on SHOP issued yesterday entitled: "Data points suggest Shopify's growth momentum has continued, despite tariffs" RBC Capital Markets has a 'Outperform' rating on SHOP with a $XXX price target. RBC Capital Markets' 'View' regarding SHOP in the report includes the following: "Data from several third-party sources suggest Shopify's GMV growth and MRR momentum were healthy through Q2, likely slightly above consensus. We believe Shopify's continued growth and market share gains will help sustain Shopify's premium valuation multiple. Maintain Outperform, raising price target from $XXX to $XXX. • Raising price target from $XXX to $XXX. Shopify is one of the most compelling long-term organic growth stories in our coverage. Shopify is trading at 14x NTM EV/S, above its 3-year average (9x, 4-14x range) and above fast-growing SaaS peers (11x). Our revised $XXX price target is now based on 14x CY26e EV/S, up from 12x previously, as we see Shopify's valuation re-rating towards the high-end of its 3-year range sustained, given improving visibility to sustained growth and market share gains. -- Valuation: Our $XXXXXX price target is based on 14x CY26e EV/Sales. Our target EV/S valuation multiple is justified above peers, given Shopify's large TAM, take-rate economics, and deepening competitive moat. We believe Shopify’s valuation multiple is likely to expand over time. Our price target supports our Outperform rating. -- Risks to rating and price target: Risks to our rating and price target include: (1) headwinds from reduced consumer spending; (2) inability to sustain new merchant growth; (3) new competition from third party marketplaces and social commerce; (4) lower than expected profitability due to gross margin pressure and/or higher operating expenses; and (5) a decline in tech market valuations." (Page X is not available here as X does not allow me to post pages from reports on this platform) XXX engagements  **Related Topics** [tariffs](/topic/tariffs) [momentum](/topic/momentum) [mergers and acquisitions](/topic/mergers-and-acquisitions) [$shop](/topic/$shop) [stocks technology](/topic/stocks-technology) [Post Link](https://x.com/CorleoneDon77/status/1946754889494716787)
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DonCorleone77 @CorleoneDon77 on x 5317 followers
Created: 2025-07-20 02:11:49 UTC
$SHOP
Attached is page X of a 16-page RBC Capital Markets analyst report on SHOP issued yesterday entitled:
"Data points suggest Shopify's growth momentum has continued, despite tariffs"
RBC Capital Markets has a 'Outperform' rating on SHOP with a $XXX price target.
RBC Capital Markets' 'View' regarding SHOP in the report includes the following:
"Data from several third-party sources suggest Shopify's GMV growth and MRR momentum were healthy through Q2, likely slightly above consensus. We believe Shopify's continued growth and market share gains will help sustain Shopify's premium valuation multiple. Maintain Outperform, raising price target from $XXX to $XXX.
• Raising price target from $XXX to $XXX. Shopify is one of the most compelling long-term organic growth stories in our coverage. Shopify is trading at 14x NTM EV/S, above its 3-year average (9x, 4-14x range) and above fast-growing SaaS peers (11x). Our revised $XXX price target is now based on 14x CY26e EV/S, up from 12x previously, as we see Shopify's valuation re-rating towards the high-end of its 3-year range sustained, given improving visibility to sustained growth and market share gains.
-- Valuation:
Our $XXXXXX price target is based on 14x CY26e EV/Sales. Our target EV/S valuation multiple is justified above peers, given Shopify's large TAM, take-rate economics, and deepening competitive moat. We believe Shopify’s valuation multiple is likely to expand over time. Our price target supports our Outperform rating.
-- Risks to rating and price target:
Risks to our rating and price target include:
(1) headwinds from reduced consumer spending; (2) inability to sustain new merchant growth; (3) new competition from third party marketplaces and social commerce; (4) lower than expected profitability due to gross margin pressure and/or higher operating expenses; and (5) a decline in tech market valuations."
(Page X is not available here as X does not allow me to post pages from reports on this platform)
XXX engagements
Related Topics tariffs momentum mergers and acquisitions $shop stocks technology