Shopify Payments Monetization: Credit Suisse's Perspective on Revenue Modelling and Future Upside
Portfolio Pulse from Anusuya Lahiri
Credit Suisse analyst Timothy Chiodo has maintained a Neutral rating on Shopify Inc (NYSE:SHOP) and raised the price target from $53 to $55. The report provides an updated analysis of Shopify's subscription pricing increases and potential impact in Q2 and over the next year. It also includes thoughts on Shopify Capital and a detailed analysis of Shopify's payments monetization. The price target reflects ~17x EV/FY 2024E gross profit. The 2023/2024E gross profit estimates are up ~1% to ~$3.39 billion/$4.11 billion. SHOP shares traded lower by 1.14% at $69.47 on the last check Friday.
July 14, 2023 | 5:09 pm
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Shopify's price target has been raised by Credit Suisse from $53 to $55. The report includes an updated analysis of subscription pricing increases and potential impact in Q2 and over the next year.
The report from Credit Suisse provides an updated analysis of Shopify's business model and revenue streams, which could influence investor sentiment. However, the impact on the stock price is uncertain as the rating remains Neutral.
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