Citizens JMP analyst Andrew Boone raised the firm’s price target on Shopify (SHOP) to $185 from $135 and keeps an Outperform rating on the shares. The company reported “exceptional” Q2 results as gross merchandise volume growth accelerated four points, the analyst tells investors in a research note. The firm believes Shopify’s competitive position continues to improve as it adds news features.
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Read More on SHOP:
- Shopify price target raised to $175 from $145 at KeyBanc
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