Where Shopify Stands With Analysts
Portfolio Pulse from Benzinga Insights
Analysts have provided various ratings for Shopify (NYSE:SHOP) within the last quarter, with 1 bullish, 6 somewhat bullish, and 14 indifferent. The average price target is $65.57, implying an upside from the current price of $53.93. This average price target has increased by 11.14% over the past month.
August 22, 2023 | 1:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Shopify has received mixed ratings from analysts, with a majority being indifferent. The average price target suggests an upside, which has increased over the past month.
The mixed ratings from analysts indicate uncertainty about Shopify's performance. However, the average price target, which is higher than the current price and has increased over the past month, suggests potential for growth. This could positively impact Shopify's stock in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100