Barclays Maintains Equal-Weight on Shopify, Raises Price Target to $53
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Trevor Young has maintained an Equal-Weight rating on Shopify (NYSE:SHOP) and raised the price target from $50 to $53.
August 04, 2023 | 1:01 pm
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Barclays has maintained an Equal-Weight rating on Shopify and raised the price target from $50 to $53, which could influence investor sentiment.
The raised price target by Barclays indicates a positive outlook for Shopify. This could lead to increased investor confidence and potentially a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100