Analysts slashed their price targets on Shopify Inc. post Q4 results over international expansion and recalibrated investments. Jefferies analyst Samad Samana lowered the PT to $1,350 from $1,800 (80.8 percent upside) and reiterated a Buy. Shopify’s guidance commentary implies a return to pre-COVID GMV seasonality and that its operating and capital expenses will “ramp dramatically over the next several years,” which will limit intermediate-term profitability. Stifel analyst Scott Devitt lowered the PT to $1,000 from $1,300 (33.9 percent upside) and maintained a Buy. Shopify plans to reinvest all gross profit dollars in 2022 through accelerated OpEx spending and CapEx of $200 million. In the intermediate-term, the company expects $1 billion in CapEx between 2023 and 2024 related to the development of SFN. Evercore ISI analyst Mark Mahaney lowered the PT to $1,000 from $1,770 and kept an Outperform. Piper Sandler analyst Brent Bracelin lowered the PT to $900 from $1,400 (20.5 percent upside) and kept an Overweight. …