Shopify price target raised to $144 from $126 at Morgan Stanley

Morgan Stanley analyst Keith Weiss raised the firm’s price target on Shopify (SHOP) to $144 from $126 and keeps an Overweight rating on the shares. Accelerating to 31% year-over-year revenue growth “illustrates a broad set of growth drivers,” the analyst tells investors after earnings. With Shopify accounting for less than 1% of global retail and more room for leverage, the stock remains one of the analyst’s “favorite FCF revision stories.”