JMP Securities Maintains Outperform on Shopify, Raises Price Target to $72
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Andrew Boone maintains an 'Outperform' rating on Shopify (NYSE:SHOP) and has raised the price target from $70 to $72.
August 04, 2023 | 3:11 pm
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POSITIVE IMPACT
Shopify's price target has been raised from $70 to $72 by JMP Securities, which maintains an 'Outperform' rating on the stock.
The raised price target and maintained 'Outperform' rating by JMP Securities indicates a positive outlook for Shopify. This could potentially lead to an increase in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100