On Wednesday, it was a case of dueling analysts on the prospects for Shopify (NYSE: SHOP) and, judging by the investor reaction, the bearish take out of the two won. As a result, the e-commerce services provider's shares dipped by 1.3% on the day, coming very close to matching the 1.7% decline of the S&P 500 index.

Since we here at The Motley Fool tend to be optimists, let's look at the Shopify bull first. This is RBC Capital's Paul Treiber, who on Tuesday reiterated his sunny outlook on the company, specifically his outperform (read: buy) recommendation at a $60 price target.

In his latest research note, Treiber characterized Shopify as having "one of the most compelling growth stories in our coverage." He pointed out that services such as Shopify Plus, Pay, and POS continue to grow, to the benefit of the company's fundamentals. 

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Source Fool.com