Loop Capital Maintains Hold on Shopify, Lowers Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
Loop Capital analyst Anthony Chukumba maintains a 'Hold' rating on Shopify (NYSE:SHOP) and has lowered the price target from $69 to $62.
August 07, 2023 | 4:48 pm
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Loop Capital has maintained a 'Hold' rating on Shopify and lowered the price target from $69 to $62.
The news directly pertains to Shopify as the company's stock rating and price target have been updated by Loop Capital. The 'Hold' rating suggests that the analyst does not expect significant price movement in the short term, while the lowered price target may indicate a slightly bearish outlook. However, the impact on the stock price in the short term is uncertain as it will depend on the market's reaction to this news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100