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Shopify Stock Is a Buy as Online Shopping Will Continue to Grow

Por: MarketWatch Business July 31, 2021

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We are raising our price target to $1,700 from $1,500 after Shopify reported strong second-quarter results. Highlights include: 1) two straight quarters of 70%-plus subscription solutions revenue growth; 2) strong management commentary on the demand outlook; and 3) revenue upside, leading to another quarter of 20%-plus operating margins. On balance, growth and operating-margin improvements could show decelerating trends, as Shopify faces... + full article



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