Shares of Shopify (NASDAQ: SHOP) rose by 4.2% after receiving a buy rating from Needham and an increase in price target from another analyst, indicating renewed interest from Wall Street for the e-commerce software company. This positive momentum reflects growing confidence in Shopify’s growth potential.
Explain It To Me Like I’m 5: Shopify’s stock price went up because some important people on Wall Street think it’s a good company to invest in.
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