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Fly News Breaks for June 19, 2018
SHOP
Jun 19, 2018 | 07:22 EDT
KeyBanc analyst Monika Garg raised her price target for Shopify to $182 from $170 saying emerging brands on it are getting larger, and more established brands are gravitating to Shopify to be nimbler. In addition, his Key First Look Data suggests Shopify merchants are taking share and scaling on the Shopify platform. The analyst reiterates an Overweight rating on the shares as he believes Shopify remains a premier growth name to own.
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