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Fly News Breaks for March 27, 2019
SHOP
Mar 27, 2019 | 06:26 EDT
Macquarie analyst Gus Papageorgiou raised his price target on Shopify (SHOP) to $230 and kept his Outperform rating as part of his broader research note on payment technology providers titled "Turning Millenials into Capitalists". The analyst believes that the company's mimicking of Wix.com (WIX) tactics should allow its international business to grow. Papageorgiou also expects wider adoption of Shopify's Capital, Payments, and Shipping services by merchants.
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