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Fly News Breaks for June 20, 2019
SHOP
Jun 20, 2019 | 09:04 EDT
Baird analyst Colin Sebastian raised his price target on Shopify to $360 from $269 following its investor day. The analyst cited its international expansion and fulfillment build-out among the key highlights. He maintains his view the company is creating a sustainable and differentiated e-commerce ecosystem, with numerous growth drivers remaining. Sebastian reiterated his Outperform rating on Shopify shares.
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