Analyst Expectations for Shopify's Future
Portfolio Pulse from Benzinga Insights
In the last quarter, Shopify (NYSE:SHOP) received 2 bullish, 7 somewhat bullish, and 11 indifferent analyst ratings. The average 12-month price target for the stock is $61.15, up 18.81% from the previous average of $51.47.

June 12, 2023 | 5:01 pm
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NEUTRAL IMPACT
Shopify received mixed analyst ratings in the last quarter, with an average 12-month price target of $61.15, up 18.81% from the previous average.
The article provides an overview of analyst ratings for Shopify in the last quarter. While there are more bullish and somewhat bullish ratings than indifferent ones, the overall sentiment is mixed. The average 12-month price target has increased by 18.81%, which may indicate some positive expectations for the stock, but the short-term impact is likely to be neutral due to the mixed sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100