This Is What Whales Are Betting On Shopify
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bullish stance on Shopify (NYSE:SHOP), with 66% of investors opening trades with bullish expectations and 33% with bearish. The whale has been targeting a price range from $40.0 to $105.0 for Shopify over the last 3 months. The price of SHOP is currently down -3.43% at $60.24. Wedbush, Canaccord Genuity, and Roth MKM have given price targets of $62, $70, and $76 respectively.
September 18, 2023 | 5:31 pm
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Bullish stance by a whale investor on Shopify (NYSE:SHOP) with a target price range of $40-$105. Current price is down -3.43% at $60.24. Analysts' price targets are $62, $70, and $76.
The bullish stance by a whale investor and the price targets set by analysts indicate a positive outlook for Shopify. However, the current price is down, which may be a temporary dip before an upward trend. The high volume of trades also indicates strong interest in the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100