Shopify Stock Moves Lower as Tariffs Dent Forecast

Shopify Inc (NASDAQ:SHOP) is down 3.5% to trade at $91.20 at last check, after the e-commerce name issued disappointing guidance, citing tariff uncertainty. The company also reported first-quarter profits of 25 cents per share -- in line with estimates -- as well as revenue beat. Analysts have yet to chime in, despite the majority leaning bullish. Of the 45 in coverage, 28 call Shopify stock a "buy" or better, while its 12-month consensus target price of $117.87 is a 28.5% discount to current levels. In oth ...