Shopify's (SHOP) stock has been boosted after Evercore ISI's Mark Mahaney upgraded his rating on the e-commerce company. The analyst raised his...
) stock has been boosted after Evercore ISI's Mark Mahaney upgraded his rating on the e-commerce company. The analyst raised his recommendation to Outperform from In Line, citing an attractive entry point for investors following a slight decline in the share price. This positive sentiment from Mahaney sent Shopify 's shares higher during Friday's trading session.I si upgrading the name to outperform from in line and this is ever core's Mark Mahaney .
He talks about the very large total addressable market, strong competitive position, up market activity and clear track record of successful product innovation.I mean, it's come back a little bit lately as you can see from that chart, but also still is kind of week, year to date.Most of the financial analysts come this name do think it's a buy.With the combination of reliability and impressive long-term growth potential, this 5.7% dividend stock is one of the best on the TSX.
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