The Globe and Mail reports in its Tuesday, June 17, edition that DA Davidson analyst Gil Luria has reaffirmed his "buy" recommendation for Shopify. The Globe's Darcy Keith writes in the Eye On Equities column that Mr. Luria's share target soared $10 to $125. Mr. Luria says in a note: "We see possible upside levers for 2Q25 coming from the company's recent enterprise traction and international prospects, two areas expected to be key long-term growth drivers. ... We believe that investors have not factored in the potential bull case scenario that the current disruption in supply chains and the broader commerce space could drive merchants to Shopify, from other platforms, due to the company's ability to remove friction on behalf of merchants and navigate change management. That is not to say, however, that the long-right tail of smaller merchants won't see a higher attrition rate in a more challenging macro relative to historic levels. Last week we got the chance to speak with Shopify and learned that in 2008, COVID, and during Brexit, the subsequent disruption created from these events led to growth of the merchant base, highlighting Shopify's growing role as a key strategic partner for merchants."