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Shopify Stock Is Soaring. It’s at an ‘Attractive Entry Point,’ Says New Bull.

Angela Palumbo
·1-min read
Shopify Stock Is Soaring. It’s at an ‘Attractive Entry Point,’ Says New Bull.

Shopify stock was climbing Monday after an analyst upgraded shares of the e-commerce platform on confidence in growth. Citi analyst Tyler Radke upgraded shares of Shopify to Buy from Neutral, and increased his target price to $105 from $93, which implies a 47% increase in the stock price as of Friday’s close. “Our Deep-Dive analysis into SHOP’s Merchant Solutions business gives us confidence in SHOP’s long-term growth,” Radke wrote in a research note.

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