Oppenheimer analyst Ken Wong raised the firm’s price target on Shopify (SHOP) to $180 from $145 and keeps an Outperform rating on the shares. The company reported Q2 revenue growth above 30% against a tough macro and consumer backdrop, the analyst tells investors in a research note. The firm says management indicated strength across all customer tiers and regions. It believes Shopify enters the second half of the year with sustained growth.
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