DZ Bank Upgrades Shopify to Hold
Portfolio Pulse from richadhand@benzinga.com
DZ Bank analyst Axel Herlinghaus has upgraded Shopify (NYSE:SHOP) from Sell to Hold.

August 04, 2023 | 2:55 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Shopify's stock rating has been upgraded from Sell to Hold by DZ Bank, which could potentially stabilize the stock price.
The upgrade from Sell to Hold by DZ Bank indicates a change in the bank's outlook towards Shopify. This could potentially lead to a stabilization in Shopify's stock price as the Hold rating suggests that the stock is expected to perform at the same pace as similar companies or the market itself.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100