Shopify price target raised to $125 from $80 at Canaccord
The Fly

Shopify price target raised to $125 from $80 at Canaccord

Canaccord raised the firm’s price target on Shopify (SHOP) to $125 from $80 and keeps a Buy rating on the shares. The firm said Shopify reported very strong Q3 results, which amounted to 26% revenue growth and 19% FCF margins, both solidly ahead of expectations.

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