01:59 PM EDT, 05/07/2024 (MT Newswires) -- Based on Truist Card Data from its Data Science Team, Truist says it sees the potential for Shopify ( SHOP ) to report another upside performance in Q1 2024, on the back of strength in GMV performance and related upside.

"We believe such an outcome would likely drive upside in Subscription and Merchant Solutions revenue with anticipated flow through to upside in non-GAAP operating profit"

Maintain Hold and US$85 target on risk/reward.

Price: 106.05, Change: +0.37, Percent Change: +0.35