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Shopify, Inc. (SHOP) achieved a 15.75% quarterly free cash flow margin, surpassing its Q1 margin of 15.38% on higher revenue. This could push SHOP stock +14.6% higher as analysts incorporate higher margins into their forecasts.
SHOP is trading at $149.70 in midday trading on Monday, August 11. Based on our assessment, SHOP could be worth $224 billion in market value, compared to its current market cap of $194.8 billion (Yahoo! Finance).