Shopify shares pop on Bank of America upgrade to Buy

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Shopify shares pop on Bank of America upgrade to Buy
ShopifySeana Smith
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Shopify (SHOP) stock is jumping Tuesday morning following an upgrade from Bank of America. The firm has raised its rating on the e-commerce platform to Buy...

) stock is jumping Tuesday morning following an upgrade from Bank of America. The firm has raised its rating on the e-commerce platform to Buy from Neutral and increased its price target to $82 from $78. Analysts believe Shopify 's revenue growth alongside its disciplined approach to spending will create improved margin growth in the coming quarters.

Shopify is very intertwined within that experience and it very well could be the new major purchase uh and point of sale operator here that we're continuing to see grow upon what it's already been able to do.The company talked about this in their most recent earnings call.But this analyst is actually expecting upside to Q two revenue growth of 23% pointing specifically to better scale and free cash flow conversion here.

Cathie Wood's investment fund, Ark Invest sold at least $4.5 million worth of Nvidia stock this year, per The Wall Street Journal.Most people want to get rich, and many know investing is the best way to build wealth. However, many people don't know how to pick out the right assets and investments to get them where they want to...We are skilled information logistics professionals and our task is to connect data, systems, and people in order to develop and grow our customers’...

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