Seaport Global Initiates Coverage On Shopify with Buy Rating, Announces Price Target of $64
Portfolio Pulse from Benzinga Newsdesk
Seaport Global analyst Jeff Cantwell has initiated coverage on Shopify (NYSE:SHOP) with a Buy rating and a price target of $64.
October 12, 2023 | 1:06 pm
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Shopify has been initiated with a Buy rating by Seaport Global, with a price target of $64.
The initiation of coverage by Seaport Global with a Buy rating is a positive signal for Shopify. The price target of $64 indicates the analyst's confidence in the company's potential for growth. This could lead to increased investor interest and potentially a rise in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100