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Piper Sandler upgrades Shopify, estimates revenue could quadruple by 2025

On Monday, Piper Sandler’s senior research analyst and managing director Brent Bracelin upgraded shares of Shopify from neutral to overweight on what he calls the ‘Great Digital Awakening’ thesis. The call comes as Walmart announced a partnership with the e-commerce site to expand its online marketplace. Brent Bracelin joins The Final Round to discuss the bullish call, as well as what the Walmart-Shopify deal means for e-commerce.