The Globe and Mail reports in its Friday, Jan. 26, edition that National Bank analyst Richard Tse has reaffirmed his "outperform" recommendation for Shopify. The Globe's David Leeder writes in the Eye On Equities column that Mr. Tse's share target soared $20 to $100 (all figures U.S.). Analysts on average target the shares at $74.69. Mr. Tse says in a note: "Tactically, while we see some risk the stock consolidates short term in light of the big move in 2023 and robust valuation, we think new growth segment execution (particularly enterprise, point of sale and B2B) along with growing operating leverage will support the company's relative valuation as we move through 2024. What do you do with the stock? We don't expect the same degree of outperformance in 2024 vs 2023 when it comes to Shopify's stock price. That said, we continue see a continuation of its growth run-rate from: 1) international; 2) increased take rate with new services; 3) large enterprise (Shopify Plus and CCS); and 4) POS for SMB retail." The Globe reported on May 6 that Mr. Tse was sticking with his "outperform" recommendation for Shopify. The shares could then be had for $62.03.