Mizuho Maintains Neutral on Shopify, Raises Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Siti Panigrahi maintains a Neutral rating on Shopify (NYSE:SHOP) and raises the price target from $55 to $65.

July 24, 2023 | 10:58 am
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NEUTRAL IMPACT
Mizuho analyst maintains a Neutral rating on Shopify and raises the price target from $55 to $65.
The news is directly about Shopify. Mizuho's decision to maintain a Neutral rating indicates that they do not expect significant changes in Shopify's stock performance in the near future. However, the increase in price target from $55 to $65 suggests a positive outlook in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100