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Fly News Breaks for February 13, 2020
Feb 13, 2020 | 06:40 EDT
BofA analyst Brad Sills raised his price target on Shopify to $450 after its "very solid" Q4 earnings beat and revenue upside in both subscription and merchant solutions. The analyst notes that the company is making progress with key growth initiatives - international and payments. Sills is keeping his Underperform rating on Shopify however given the stock's limited upside potential at its current valuation of 23-times expected 2021 revenue. The analyst adds that the company's next major opportunity is in fulfillment, which is likely to run at "breakeven" for the next 5 years.
News For SHOP From the Last 2 Days
May 19, 2022 | 12:00 EDT
Shopify is up 14.2%, or $51.20 to $411.82.