Jefferies Maintains Hold on Shopify, Raises Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Samad Samana maintains a Hold rating on Shopify (NYSE:SHOP) and raises the price target from $44 to $65.
June 12, 2023 | 9:17 am
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Jefferies analyst Samad Samana maintains a Hold rating on Shopify and raises the price target from $44 to $65.
The raised price target from Jefferies indicates a positive outlook for Shopify's stock in the short term. The Hold rating suggests that the stock is expected to perform in line with the market, but the increased price target may lead to a short-term increase in the stock price as investors react to the news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100