Shopify price target raised to $180 from $179 at JPMorgan

Group 1 - JPMorgan raised the price target on Shopify (SHOP) to $180 from $179 while maintaining an Overweight rating on the shares [1] - The increase in price target is attributed to positive estimate revisions following the earnings report [1] - Shopify's volume growth accelerated sequentially in Q3, but there was a spike in transaction losses affecting the Q4 free cash flow margin outlook [1] Group 2 - JPMorgan noted that there has not been a significant change in intra-quarter spending trends for Shopify [1] - The increase in transaction losses is described as "treatable" by the analyst [1]