November 27, 2017 / 2:00 PM / 9 months ago

BUZZ-Shopify Inc: Rises after KeyBanc raises PT

** U.S.-listed shares of Canadian e-commerce software maker up 2.7 pct at $114.86 premarket

** KeyBanc says Shopify’s machine learning capabilities underappreciated; Raises PT by $24 to $140 on increased confidence in Shopify’s data asset

** Discovery algorithms, optimizing theme and app recommendations resulted in a 12 pct uplift in merchant launches, which, has driven acceleration in merchant additions - KeyBanc

** 18 of 29 brokerages rate the stock “buy” or higher, 10 “hold” and 1 “sell”; Median PT $115

** Stock had risen ~161 pct YTD (Reporting by Amy Caren Daniel in Bengaluru)

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