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Shopify to report ‘solid’ Q4 fundamentals, says Jefferies

Jefferies analyst Samad Samana keeps a Hold rating and $160 price target on Shopify (SHOP) ahead of its Q4 results. The firm expects the company’s fundamentals to be “solid” while noting that 3rd-party data points to an earnings beat vs. consensus on gross merchandise value, the analyst tells investors in a research note.

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