Barclays analyst Deepak Mathivanan raised his price target for Shopify to $310 from $225 after attending the company's fourth annual partner conference. Management's tone at the investor meetings was very bullish on the long-term outlook, Mathivanan tells investors in a research note. However, the analyst, despite his "incrementally bullish view," struggles to see "meaningful upside" to the shares from current levels. He keeps an Equal Weight rating on the name.
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