Piper Sandler Maintains Neutral on Shopify, Raises Price Target to $58
Portfolio Pulse from richadhand@benzinga.com
Piper Sandler analyst Clarke Jeffries maintains a Neutral rating on Shopify (NYSE:SHOP) and raises the price target from $50 to $58.
August 04, 2023 | 12:36 pm
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NEUTRAL IMPACT
Piper Sandler has maintained a Neutral rating on Shopify and raised the price target from $50 to $58.
The news is directly about Shopify and is likely to influence investor sentiment. The raised price target indicates a positive outlook, but the Neutral rating suggests that the stock is fairly valued at the moment. This could lead to a neutral impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100