Check Out What Whales Are Doing With SHOP
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bullish stance on Shopify (NYSE:SHOP), with 52% of investors opening trades with bullish expectations and 47% with bearish. The whale has been targeting a price range from $30.0 to $92.0 for Shopify over the last 3 months. Jefferies has maintained their Hold rating on Shopify, with a price target of $65. JMP Securities downgraded its action to Market Outperform with a price target of $70.
June 28, 2023 | 6:31 pm
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Bullish stance by a whale investor and mixed analyst ratings could lead to volatility in Shopify's stock price.
The bullish stance by a whale investor indicates a positive outlook for Shopify. However, the mixed analyst ratings from Jefferies and JMP Securities could create uncertainty among other investors, potentially leading to volatility in the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100