Shopify Payments Monetization: Credit Suisse’s Perspective On Revenue Modelling And Future Upside

 The Shopify logo is pictured outside the The Well building on Spadina Ave. in Toronto.  The 2023/2024E gross profit estimates are up ~1% to ~$3.39 billion/$4.11 billion (vs. prior ~$3.36 billion/$4.06 billion). The forecasts do not include meaningful financial contributions from Shop Pay moving off-platform. PHOTO BY LANCE MCMILLAN/GETTY IMAGES 

Credit Suisse analyst Timothy Chiodo maintained Shopify Inc (NYSE: SHOP) with a Neutral and raised the price target from $53 to $55.

This report provides the analyst’s updated thoughts and analysis around Shopify’s subscription pricing increases, including an analysis of the potential impact in Q2 and over the next year.