Bearish
Deutsche Bank lowers Shopify price target to $175 due to tax rate impact
Deutsche Bank has reduced its price target for Shopify (SHOP) from $195 to $175, citing changes in profitability estimates for fiscal years 2026 and 2027, primarily due to tax rate adjustments. Despite this, the bank maintains a 'Buy' rating, acknowledging Shopify's ongoing momentum in core growth initiatives and its steps toward leading in 'Agentic commerce.'
Key points
- Deutsche Bank lowers Shopify price target to $175 on tax rate impact.
- Deutsche Bank maintains 'Buy' rating, citing Shopify's growth initiatives.
Sources
AI-generated from public news sources. Not financial advice.
