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Fly News Breaks for February 13, 2020
SHOP
Feb 13, 2020 | 08:59 EDT
Roth Capital analyst Darren Aftahi raised his price target for Shopify to $490 from $390 as incremental Merchant solution strength resulted in Q4 outperformance and a 230bps re-acceleration in top-line growth. While the analyst believes Shopify has numerous growth drivers at its disposal, high cost and longer lead times likely don't drive sustainable growth acceleration. He maintains a Neutral rating on the shares.
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