Evercore upgraded online shopping platform Shopify (SHOP) – Get Shopify, Inc. Class A Report to outperform from in-line Thursday, with a price target of $1,770.
Evercore Internet analyst Mark Mahaney called it “one of the highest quality assets in our coverage.”
Ottawa-based Shopify has strong fundamentals, he wrote in a commentary cited by CNBC. It’s “one of the biggest structural winners from the Covid crisis.”
The stock will benefit from increased use of Shopify’s Shop Pay…
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