RBC Capital Maintains Outperform on Shopify, Raises Price Target to $80
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Paul Treiber has maintained an 'Outperform' rating on Shopify (NYSE:SHOP) and raised the price target from $75 to $80.
August 04, 2023 | 1:30 pm
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POSITIVE IMPACT
RBC Capital's raised price target for Shopify indicates a positive outlook for the company's stock.
The raised price target by RBC Capital suggests that they believe Shopify's stock will perform well in the short term. This could lead to increased investor confidence and potentially a rise in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100