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Fly News Breaks for October 7, 2016
SHOP
Oct 7, 2016 | 08:51 EDT
After conducting checks, Pacific Crest analyst Monika Garg says that about 27,000 new merchants used Shopify in Q3. The analyst says that the checks, along with Shopify's recent announcements, have increased her confidence in the company's outlook. She raises her price target on the shares to $52 from $43 and keeps an Overweight rating on the stock.
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