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Shopify stock rallied after the e-commerce giant reported a massive second quarter revenue surge of over 33% to $3.58 billion. Gross merchandise volume reached an impressive $115.6 billion, pushing free cash flow margins up to 18%. While Seeking Alpha's Quant rating currently sits at a hold due to balancing high growth against valuation metrics, management expects third quarter revenue momentum to persist with a low 30s percentage growth rate year over year.
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