Needham initiated coverage on Shopify ( NASDAQ: SHOP) with a Buy rating as the firm believes the company remains in only the mid-cycle of a durable growth opportunity, with significant recent ...

Shopify has rapidly evolved into one of North America’s largest payment service providers, with Bernstein now ranking it among the top 10 by revenue.

Shopify Inc. Cl A closed 5.0% below its 52-week high of C$183.53, which the company achieved on February 18th.