Why Shopify Stock Dropped Today

Shares of growth stock and e-commerce giant Shopify (NYSE: SHOP) slipped lower for a fourth straight day on Monday, falling 4.2% as of 1 p.m. ET. Investment bank Goldman Sachs initiated coverage of Shopify this morning with a mixed review. 

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Goldman gave the stock a $1,570 price target. But the bank couldn't quite bring itself to recommend buying Shopify even at today's price of $1,400, giving it only a neutral rating.

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Source Fool.com