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Why Shopify Stock Popped Today


Shares of Shopify (NYSE: SHOP) jumped 5.5% on Wednesday following positive remarks from Stifel analyst Scott Devitt. 

Devitt placed a buy rating on Shopify's stock this morning. He sees the e-commerce platform's share price climbing to $1,200, or roughly 8.5% higher than its closing price today.

More gains lie ahead for Shopify's shareholders, according to investment bank Stifel. Image source: Getty Images.

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Source Fool.com

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