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Fly News Breaks for December 18, 2018
SHOP
Dec 18, 2018 | 07:09 EDT
As previously reported, Wells Fargo analyst Timothy Willi started Shopify with an Outperform rating and $175 price target, calling the stock an attractive way to invest in the movement by mid/small businesses to build digital commerce platforms, as well as the secular trend of direct-to-consumer retail. Revenue growth may moderate a bit from the "exceptionally strong" levels of recent years, but he still expect its to remain quite strong at about 30%, Willi tells investors.
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