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Fly News Breaks for February 16, 2017
SHOP
Feb 16, 2017 | 09:06 EDT
Baird analyst Colin Sebastian raised his price target on Shopify to $69 from $48 following above consensus Q4 results. The numbers were above consensus on both the top and bottom line, driven by strength across both subscription and Merchant solutions, noted Sebastian, who believes Shopify's value proposition remains top of class. Sebastian reiterated his Outperform rating on Shopify shares.
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