Citigroup Maintains Neutral on Shopify, Raises Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Tyler Radke maintains a Neutral rating on Shopify (NYSE:SHOP) and raises the price target from $65 to $70.
July 26, 2023 | 2:15 pm
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NEUTRAL IMPACT
Citigroup has maintained a Neutral rating on Shopify and raised the price target from $65 to $70.
The news is directly related to Shopify as Citigroup has maintained its Neutral rating and raised the price target. This could indicate that Citigroup sees potential in the company but also acknowledges risks. This might not have a significant impact on the stock price in the short term, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100