Loading...Loading...JP Morgan analyst Reginald Smith initiated coverage on Shopify Inc SHOP with an Overweight rating and a price target of $74.As per Smith, Shopify is one of the largest publicly traded payment facilitators with a solid competitive moat that warrants a premium valuation.According to the analyst, Shopify's product breadth, ease of use, and scale are distinct competitive advantages that will continue to fuel industry-leading growth.Smith modeled 18% compounded revenue growth through fiscal 2 ...