RBC Capital Markets analyst Paul Treiber has reiterated an Outperform rating on Shopify Inc. (NYSE:SHOP), with a price target of $75. Treiber predicts strong growth in Q2 for Shopify Plus and Shopify POS, driven by pricing increases of Shopify’s core plans. The analyst also sees Shopify's improving profitability and new products as potential catalysts. The company's recent 23% headcount reduction, divestiture of logistics, and pricing increases are expected to expand adj. EBITDA margins from -1.5% Q1 to 12.1% 2H/FY23.