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Fly News Breaks for February 13, 2019
SHOP
Feb 13, 2019 | 07:59 EDT
Wells Fargo analyst Timothy Willi raised his price target for Shopify to $195 from $175 following better than expected Q4 results that were driven by a combination of strong merchant acquisition trends, adoption of merchant solutions, and robust spending trends during the holiday season, including record-setting Cyber Monday/Black Friday sales. The analyst reiterates an Outperform rating on the shares.
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