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.
Source Fool.com