Shopify Inc (TSE:SH) (NASDAQ:SHOP) had its target price lifted by Royal Bank Of Canada to C$86.00 in a report issued on Thursday morning, reports. The brokerage currently has an outperform rating on the stock.

Shares of Shopify (TSE:SH) traded up 1.61% on Thursday, hitting $55.58. The stock had a trading volume of 47,271 shares. Shopify has a 12 month low of $25.85 and a 12 month high of $59.13. The stock has a 50 day moving average of $56.48 and a 200-day moving average of $46.05.

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