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Will Shopify stock return to $90? 1 A Wall Street analyst thinks so.

There’s no point in sugarcoating it. Shopify (NYSE: SHOP) was embarrassed after the results report was released on Wednesday.

The e-commerce software superstar posted strong first-quarter results, but its second-quarter guidance fell slightly short of Wall Street’s expectations, and investors responded by doing what they could to keep growth stocks from meeting expectations. Shares are down about 20%.

However, one Wall Street company reaffirmed its bullish stance on the stock even after disappointing guidance.

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Source: Fool.com