The Globe and Mail reports in its Thursday, Jan. 25, edition that RBC Dominion Securities analysts Paul Treiber and Maxim Matushansky are expecting few surprises from fourth quarter 2023 earnings season in Canada's technology sector, predicting most companies in their coverage universe will report results that fall in line with the Street's expectations. The Globe's David Leeder writes that the RBC analysts have reaffirmed their "outperform" recommendation and $100 share target for Shopify (all figures U.S.). Analysts on average target the shares at $74.19. The RBC analysts say in a note: "Shopify is likely to report solid Q4 results, in our view. Multiple data sources indicate strong uptake of Shopify Plus, Pay, and POS. Additionally, U.S. Census and other data sources indicate healthy consumer e-commerce spending in Q4. With likely strong Q4 revenue, we believe Q4 margins could also surprise to the upside. We believe Shopify is likely to sustain a premium valuation, given solid growth, improved profitability, and strong product execution." The Globe reported on Nov. 29 that Piper Sandler analyst Clarke Jefferies had cut Shopify to "underweight" from "neutral," seeing "an untenable valuation." It was then worth $73.33.