Morgan Stanley: Shopify is expected to accelerate growth, with rising market expectations
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Morgan Stanley analysts stated that recent third-party data supports strong fundamentals, while also "alleviating concerns over bearish arguments related to intelligent commerce." The analysts added that, despite increasing geopolitical pressures affecting consumer sentiment, "U.S. e-commerce demand continues to appear healthy, with non-store retail sales growth remaining resilient throughout the first quarter." Shares of a certain exchange rose by 4.7% to 172.62 Canadian dollars, but are down 22% year-to-date.
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