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Shopify’s  (SHOP) – Get Report Fulfillment Network is “a full-fledged, tightly integrated fulfillment solution,” according to a KeyBanc Capital Markets analyst, who raised his price target on shares of the e-commerce software-and-services provider to $1,250 from $1,150.

Shares of the Ottawa-based company were off 1.1% to $1,054.

Analyst Josh Beck, who has an overweight rating on the stock, said the Shopify Fulfillment Network, which was launched last year, “is a full-fledged, tightly integrated fulfillment solution for Shopify merchants and includes order/inventory management solutions, branding and data controls, and access to scalable, flexible warehousing space to sell across multiple channels.”

“Following our SFN deep dive, we walk away more constructive on Shopify’s opportunity to build a new software ‘brain’ to orchestrate the fulfillment value chain,” Beck said.

Beck noted that a broad array of robotic systems has been developed to automate and optimize fulfillment across of variety of functions,

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  • Kylie Jenner’s cosmetics company confirmed that it was one of the companies affected by the Shopify data breach earlier this month.
  • Two Shopify employees may have exposed customer contact and order details from 200 merchants, Shopify said on September 23.
  • Kylie Cosmetics said it was “deeply disappointed” to learn that the breach affected its customers, but remains “confident” that customers can still use its site.
  • Visit Business Insider’s homepage for more stories.

Kylie Jenner’s makeup company has warned customers that their data — including parts of their credit card numbers — may have been exposed in a Shopify security breach.

Two “rogue” Shopify staff members stole order records and may have exposed customers’ names, email and postal addresses, and order details from less than 200 merchants, the Canadian e-commerce giant said on September 23. Kylie Cosmetics was among those affected, the beauty brand announced on its website.

The breach may

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Time to Buy Shopify?

September 27, 2020 | technology | No Comments

Online shopping has become very prevalent as the rise in COVID numbers continues to result in uncertainty surrounding business reopening efforts. Because of this, Shopify, Inc. (SHOP) has emerged as one of the top eCommerce solution platforms in the market. Shopify is an all-inclusive selling platform that powers over 1 million businesses globally.

Last week, analysts at Goldman Sachs reiterated their Buy rating while raising their price target from $1,286 to $1,318. Shopify, which had a remarkable fiscal year 2020 Q2, is expected to continue to be the backbone of businesses as they are figuring out solutions to outlast the pandemic.

“The F2Q was a landmark quarter for Shopify in many ways, most notably for GMV, which accelerated to 119% growth at a ~$120bn+ annual run rate, on the back of a step-function change in e-commerce penetration from COVID. All the while, Shopify continues to innovate rapidly in solving key

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