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Fly News Breaks for February 13, 2019
SHOP
Feb 13, 2019 | 08:52 EDT
DA Davidson analyst Tom Forte raised his price target on Shopify to $210 and kept his Buy rating, saying the change accounts for his updated EBITDA margin projection rising to 40% long term from 3.6% in 2018. The analyst notes that the management's plan to ramp investment spending for 2019 reflects the company's "important growth efforts - international expansion and Shopify Plus".
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