Shopify likely tracking above Q4 revenue estimates so far, says Baird After Shopify reported that its merchants sold over $1B in GMV over the four day holiday weekend period following Thanksgiving, Baird analyst Colin Sebastian said he believes the company is likely tracking above his Q4 revenue estimates and has the potential to top his expectations if the momentum lasts. He maintains an Outperform rating and $110 price target on Shopify shares