February 12, 2018 / 2:05 PM / 9 months ago

BUZZ-Shopify Inc: Wedbush expects stellar show in Q4

** Canadian online retailer’s U.S-listed shares up 3.6 pct at $123.75 premarket

** Wedbush raises PT to $140 from $120, maintains “outperform” rating

** Multiple growth opportunities, “high-caliber” management position SHOP for long-term growth

** Brokerage expects SHOP’s Q4 to exceed expectations fueled by continued strength of e-commerce market during the holiday season

** SHOP to report results on Thursday

** Up to Friday’s close, SHOP’s stock has risen ~18 pct YTD while the Toronto Stock Exchange dropped ~7 pct (Reporting by Yashaswini Swamynathan)

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