The Globe and Mail reports in its Thursday, Nov. 14, edition that RBC's Paul Treiber has reaffirmed his "outperform" recommendation for Shopify. The Globe's David Leeder writes that Mr. Treiber's share target soared $30 to $130 (all figures U.S.). Analysts on average target the shares at $104.19. After Tuesday's release of "solid" third quarter financial results, Mr. Treiber sees Shopify securing "broad-based market share gains and positive leading indicators across numerous segments, including international, enterprise, POS, B2B and even new emerging social commerce channels." He says, "We expect Shopify's premium valuation multiple to be sustained." The Ottawa-based e-commerce giant's TSX-listed shares surged 21.5 per cent following the premarket announcement, which Mr. Treiber attributed to "materially improved investor visibility to long-term growth and margins." Revenue of $2.16-billion was 2.4 per cent above the consensus forecast on the Street of $2.11-billion, while adjusted earnings per share was eight cents above expectations (35 cents versus 27 cents). Mr. Treiber adds, "Shopify is seeing strong market share gains (more than two times e-commerce growth in key markets) across a number of key end markets."