11:43 AM EST, 11/05/2025 (MT Newswires) -- Shopify ( SHOP ) third-quarter results were solid, with revenue growth accelerating despite the increasing size of the company, notes RBC.

The third-quarter was Shopify's ( SHOP ) second consecutive quarter of over 30% revenue and GMV growth, as a result of continued market share gains and strong execution, analysts Paul Treiber and John Shuter write.

"In light of improving investor visibility to Shopify's ( SHOP ) long-term growth, we believe that Shopify's ( SHOP ) premium valuation is likely to be sustained going forward."

Maintain Outperform, US$200.00 price target.

Price: 226.08, Change: -1.15, Percent Change: -0.51