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Analyst Updates: Shopify, AGT Food and Ingredients, and Methanex Corp Outlook
Technology Services · Internet Software/Services · globe_inside_market · 2026-10-16
SHOP, AGTF, MEOH
Financial analysts provide updated price targets and earnings expectations for Shopify, AGT Food and Ingredients, and Methanex ahead of quarterly reports.
What Happened
Shopify Growth Momentum: RBC analyst Paul Treiber maintains an outperform rating on Shopify, raising his price target to $200. He cites strong third-party data suggesting the company will exceed consensus expectations for Q3 results and Q4 guidance, bolstered by recent price increases and AI-driven market gains.
AGT Food Earnings Preview: National Bank analyst Zachary Evershed remains bullish on AGT Food and Ingredients ahead of its mid-November earnings release. Despite forecasting figures slightly below Street consensus, he raised the price target to C$28.50, citing organic growth potential from new pasta production in India and high-margin product lines.
Methanex Price Target Hike: Ahmed Abdullah of National Bank has increased his price target for Methanex Corp to $79, citing persistent supply constraints that are keeping methanol prices elevated. The analyst adjusted his revenue and EPS estimates upward, noting that global supply pressures are expected to support firmer pricing through 2027.
Market Analysis Context: These analyst actions reflect a broader trend of evaluating company performance against shifting macroeconomic conditions and supply chain logistics. By adjusting price targets and earnings models, these firms are positioning for potential volatility and growth opportunities in the upcoming quarterly reporting cycle.