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Shopify (NYSE:SHOP) target bumped up to $50.00, issued a research note today by Rosenblatt

Having a price of $42.48, Shopify (NYSE:SHOP) traded 0.97% higher on the day. With the last stock price up 24.23% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. SHOP has recorded a 50-day average of $42.61 and a two hundred day average of $34.53. Trade Volume was down over the average, with 18,154 shares of SHOP changing hands under the typical 1,028,960

In a report released on 10/19/2016 Rosenblatt raised the target price of Shopify (NYSE:SHOP) to $50.00 reporting a potential upside of 0.18%.

On 10/17/2016, Dundee released a statement about Shopify (NYSE:SHOP) upped the target price from $0.00 to $45.00 that suggested an upside of 0.05%.

Recent Performance Chart

Shopify (NYSE:SHOP)

Shopify has with a one year low of $18.48 and a one year high of $45.20 and has a market capitalization of $0.

A total of 12 brokerages have issued a ratings update on Shopify. zero brokerages rating the company a strong buy, zero brokerages rating the company a buy, zero brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $35.75.

General Company Details For Shopify (NYSE:SHOP)

Shopify Inc. is a provider of cloud-based, multi-channel commerce platform designed for small and medium-sized businesses. The Company's software is used by merchants to run their business across all of their sales channels, including Web and mobile storefronts, social media storefronts, such as Facebook, Twitter and Pinterest, and physical retail locations. The Company's platform provides merchants with a single view of their business and customers across all of their sales channels and enables them to manage products and inventory, process orders and payments, ship orders, build customer relationships and leverage analytics and reporting all from one integrated back office. The Company's platform includes a mobile-optimized checkout system, designed to enable merchants' consumers to buy products over mobile Websites. Merchants can also use Shopify Mobile, its iPhone and Android application, to track and manage their business on the go.

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