The Globe and Mail reports in its Friday, Aug. 4, edition that RBC analyst Paul Treiber has reaffirmed his "outperform" recommendation for Shopify. The Globe's David Leeder writes in the Eye On Equities column that Mr. Treiber gave his share target a $5 (U.S.) boost to $90 (U.S.). Analysts on average target the shares at $65.71 (U.S.). Mr. Treiber notes that Shopify blew past expectations with its second quarter financial results despite lingering macroeconomic uncertainty. Mr. Treiber says in a note: "Shopify now has the scale to realize operating leverage despite making continued investments in new product innovation (e.g. AI, Audiences, POS). We believe network effects are likely to emerge next, considering new offerings like Shop Pay expanding to non-Shopify merchants, Shop Cash loyalty/rewards, and B2B/collective (merchant sales of third-party goods). Shopify's increasing competitive moat improves long-term visibility to sustained market share gains and take rate expansion. Shopify is one of the most compelling organic growth stories in our coverage. ... We expect sentiment to continue to rise as new products are likely accretive to Shopify's gross margins, while revenue is likely to outpace opex growth."