Shopify, Inc. (NYSE: SHOP) (TSE: SHOP) announced a 10-for-1 stock split in April in order to make its stock accessible to more retail investors. The split was completed on Wednesday. Following the completion of the stock split, shares of the Canadian cloud-based commerce behemoth declined 5.64% at Wednesday’s close. The several macro headwinds seem to keep investors cautious. Wall Street’s Take  Following the completion of the stock split, Stifel Nicolaus analyst Scott Devitt reiterated a Buy rating and a price target of $65 on the stock. This indicates 96.67% upside potential from Wednesday’s closing price of $33.05 per share.
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Shopify (NYSE:SHOP)
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