Shopify's stock is expensive, but here's what one new bull says the skeptics are missing

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Shopify's stock is expensive, but here's what one new bull says the skeptics are missing
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Shopify shares just won an upgrade, even as an analyst acknowledged their "elevated" valuation.

Shopify Inc.’s shares just won an upgrade, even as an analyst acknowledged their “elevated” valuation.

Morton said he is upbeat... Shopify Inc.’s shares just won an upgrade, even as an analyst acknowledged their “elevated” valuation. Morton said he is upbeat about the company’s opportunities with its enterprise customers, and he said that Wall Street may have been too “distracted” by Shopify’s SHOP SHOP recent misadventures in fulfillment to realize that the company’s Shopify Plus service has become a more compelling offering for enterprise players.

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