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Fly News Breaks for May 22, 2017
SHOP
May 22, 2017 | 07:58 EDT
Baird analyst Colin Sebastian met with Shopify management who remained upbeat regarding multiple growth vectors in the business, including new product offerings and the company's strong position as the leading platform for e-commerce merchants. Sebastian continues to see upside for the shares, citing increased monetization, an expanding portfolio of services, and its path to profitability. Sebastian reiterated his Outperform rating and $95 price target on Shopify shares.
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