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Fly News Breaks for October 25, 2016
FB, SHOP
Oct 25, 2016 | 08:47 EDT
Roth Capital analyst Darren Aftahi remains bullish on Shopify (SHOP) and expects a "solid" Q3, with expectations of healthy growth in its business and those that it powers. The analyst looks for continued improved operating leverage, and believes Facebook's (FB) further expansion as a global marketplace for goods and services should benefit Shopify long-term. He reiterates a Buy rating on Shopify's stock and raised his price target on the shares to $49 from $45.
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