Shopify Stock Has 16% Upside, According to 1 Wall Street Analyst

The leading e-commerce platform has an expanding number of opportunities to drive growth.Shopify (SHOP 0.63%) has strung together several quarters of at least 20% revenue growth, but there are still catalysts that could lift the stock higher, according to analyst Colin Sebastian at Baird.Sebastian maintained his outperform rating on the shares but raised the price target from $85 to $87 per share. Wall Street's short-term price targets are of little use to long-term investors, but the reasons behind them ca ...