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Fly News Breaks for February 13, 2019
SHOP
Feb 13, 2019 | 07:13 EDT
RBC Capital analyst Ross MacMillan upgraded Shopify to Outperform and raised his price target to $230 from $180. The analyst anticipates the company to return to new merchant growth this year given its international opportunity and easier comps. MacMillan adds that his "take rates" assumptions are likely conservative and his gross merchandise volumes growth per average merchant are likely "prudent".
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