Seeking Alpha

Guggenheim jumps in on Shopify

|About: Shopify Inc. (SHOP)|By:, SA News Editor

Guggenheim initiates coverage on Shopify (NYSE:SHOP) with a Buy rating following the company's Q2 earnings report.

Shares of Shopify are down 12% over the last month, but have been on a gentle upswing since the unexpected quarterly profit was reported on July 31.

SHOP +1.11% premarket to $143.25.

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