The Globe and Mail reports in its Saturday edition that Industrial Alliance Securities analyst Blair Abernethy says Shopify's recent financing enhances its flexibility. The Globe's David Leeder writes that on Wednesday, Shopify announced the completion of a previously announced offering of Class A subordinate voting shares at a price of $91 per share, which Mr. Abernethy says adds $488-million to its "war chest" (all figures U.S.). He now projects Shopify has $880-million on its balance sheet. He says in a note: "We see this financing as providing Shopify with greatly increased flexibility to pursue its expanding range of growth opportunities both organically and, potentially, through acquisitions. In terms of acquisitions, we believe Shopify could accelerate its product roadmap through the acquisition of emerging technologies, particularly in the artificial intelligence (AI) space." Mr. Abernethy continues to rate the shares "buy," while hiking his share target to $100 from $87. Analysts on average target the shares at $90.58. "We believe upside remains for investors as the rapid addition of customers, transaction volumes, and a broadening partner ecosystem are building a base for future profitability."