MoffettNathanson Upgrades Shopify to Outperform, Announces $76 Price Target
Portfolio Pulse from richadhand@benzinga.com
MoffettNathanson analyst Michael Morton has upgraded Shopify (NYSE:SHOP) from Market Perform to Outperform and announced a price target of $76.
July 24, 2023 | 11:08 am
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POSITIVE IMPACT
Shopify has been upgraded to Outperform from Market Perform by MoffettNathanson, with a new price target of $76.
The upgrade from MoffettNathanson is a positive signal for Shopify. The new rating of Outperform suggests that the analyst believes the company will outperform the market, which could lead to an increase in the stock price. The new price target of $76 also indicates an expected increase in the stock's value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100