01:03 PM EST, 12/03/2024 (MT Newswires) -- Black Friday Cyber Monday volumes and sales for Shopify ( SHOP ) suggest continued market share gains, underscoring the resilience of its platform, notes National Bank.

In analyst Richard Tse's view, Shopify ( SHOP ) remains a leading on/offline Commerce disruptor. Tse believes there exists a considerable runway for outsized growth driven by 1) International; 2) increasing take rate across new services; 3) large enterprise; and, 4) POS.

Equally important, the recent fiscal third quarter results highlight growing operating leverage helping to drive a further re-rating of the stock.

Reiterate Outperform rating and target price of US$140.

Price: 156.75, Change: -1.92, Percent Change: -1.21