Wedbush Initiates Coverage On Shopify with Outperform Rating, Announces Price Target of $62
Portfolio Pulse from richadhand@benzinga.com
Wedbush analyst Ygal Arounian has initiated coverage on Shopify (NYSE:SHOP) with an Outperform rating and a price target of $62.
August 22, 2023 | 8:18 am
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Shopify has been given an Outperform rating by Wedbush with a price target of $62.
The Outperform rating from Wedbush indicates a positive outlook for Shopify's stock. The price target of $62 suggests that the analyst believes the stock has potential for significant growth. This could lead to increased investor interest and a potential rise in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100