Deutsche Bank expects Shopify’s (SHOP) Q4 results to reinforce the bull thesis on the shares, with the numbers and commentary signaling momentum in enterprise and Western Europe strengthening without compromising profitability levels. Agency conversations highlight mid-market and enterprise share gains against Magento, Salesforce Commerce Cloud, and others, while Shopify’s mindshare and market share in Western Europe continues to rise, the analyst tells investors in a research note. The firm keeps a Buy rating on Shopify with a $125 price target
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