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Fly News Breaks for October 1, 2018
SHOP
Oct 1, 2018 | 16:26 EDT
Jefferies analyst Samad Samana started Shopify with a Hold rating and $175 price target. The analyst expects Shopify to continue to post "healthy growth for years to come," but is cautious on the stock given the greater than 280% increase since start of 2017. The valuation multiple approaching all-time highs, Samana tells investors in a research note
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