Canaccord Genuity raises Shopify stock price target to $185 on strong Q3

DA Davidson has raised its price target for Shopify's stock to $195, reflecting strong growth prospects for the company. This positive adjustment highlights investor confidence in Shopify's future performance.

Shopify has exceeded Wall Street's expectations with a remarkable revenue growth of nearly 30% in the third quarter. The Ottawa-based company is now projecting a strong performance for the upcoming holiday quarter, anticipating revenue growth in the mid-to-high twenties percentage range. This positive outlook is significant as it reflects the company's resilience and ability to thrive in the competitive e-commerce landscape, making it a key player to watch this holiday season.

Shopify's Q3 2025 earnings report has exceeded expectations, showcasing the company's resilience in a challenging market. Despite a dip in stock prices, the positive earnings highlight Shopify's strong performance and strategic initiatives that are paying off. This matters because it reflects the company's ability to adapt and thrive, which can inspire confidence among investors and stakeholders.

Shopify is anticipating a robust holiday season, projecting strong revenue growth despite facing challenges with quarterly profits due to rising costs. This outlook is significant as it highlights the resilience of the e-commerce platform in a competitive market, suggesting that consumers are still eager to shop online during the holidays.

Canaccord Genuity has raised its price target for Cipher Mining's stock to $27 following a significant deal with AWS. This move reflects growing confidence in Cipher Mining's potential and the positive impact of the partnership on its future growth. Investors are likely to view this as a strong endorsement of the company's strategy and market position.

Canaccord Genuity has reaffirmed its Buy rating on SGHC stock following impressive financial results. This endorsement highlights the firm's confidence in SGHC's performance and potential for growth, which is significant for investors looking for promising opportunities in the market.

Canaccord Genuity has raised its price target for Ameresco stock to $44, reflecting a strong outlook on energy demand. This adjustment highlights the growing importance of renewable energy solutions and positions Ameresco as a key player in the market. Investors may find this news encouraging as it suggests potential growth and profitability for the company in the evolving energy landscape.

Canaccord Genuity has reaffirmed its Buy rating on Hims & Hers stock, setting a target price of $68. This endorsement reflects confidence in the company's growth potential and market position, which is significant for investors looking for promising opportunities in the health and wellness sector.

The crypto industry is gearing up for the 2026 midterms with a significant financial boost, amassing around $263 million through super political action committees. This amount nearly doubles the spending of the largest committee in the 2024 elections, showcasing the growing influence of crypto in politics.

Mizuho has reaffirmed its Outperform rating on Chewy's stock, even with the recent increase in membership fees. This decision reflects confidence in Chewy's business model and growth potential, suggesting that the company is well-positioned to navigate the changes.

Geberit has reported a 5.4% increase in sales for Q3 2025, showcasing resilience despite facing currency headwinds. This growth reflects the company's strong market position and effective strategies.

The U.S. bank regulator is taking steps to ensure that major banks have eliminated their 'debanking' policies, which could lead to a more inclusive banking environment for all customers.

The U.S. bank regulator has expressed that mergers could bring significant value to the banking sector and is dedicated to conducting a swift review process. This commitment aims to facilitate beneficial consolidations that can enhance efficiency and stability in the financial landscape.

The RBI has announced new leadership appointments at Popeyes and Burger King, signaling a fresh direction for both brands. This move is expected to enhance their market presence and drive innovation in their offerings.