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Goldman boosts Shopify price target to $1318

Goldman Sachs raised Shopify’s price target on Tuesday to $1,318 from $1,286, maintaining its buy rating of the stock. The firm noted the company’s gross merchandise value (GMV) which accelerated exponentially and the company’s ability to innovate to problem-solve key problem areas for merchants. Yahoo Finance’s Final Round panel breaks down the firm’s call and what it means for e-commerce.

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