Why Goldman Sachs sees ‘significant opportunity’ for Shopify to grow ahead of earnings
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On Tuesday, Goldman Sachs upgraded shares of Shopify Inc. from neutral to buy, with the firm citing the shift to e-commerce due to COVID-19 as a reason for an acceleration in the company’s growth trajectory. The firm acknowledged that it missed “a significant run up” in Shopify shares, which are up more than 140% for the year. The company reports quarterly results before the bell on Wednesday, July 29. The Final Round panel discusses the bullish call.
