Why Shopify Stock Rallied on Thursday

Shares of Shopify (SHOP 3.45%) turned higher on Thursday, climbing as much as 7.4%. As of 1:45 p.m. ET, the stock was still up roughly 3%.While the broader market updraft likely added fuel to its ascent, the e-commerce platform provider was also on the receiving end of some positive commentary from a Wall Street analyst.A (moderately) positive call?Analysts at Citi raised their price target on Shopify to $96, up from its previous level of $87. This represents potential gains for investors of roughly 13% com ...