Loop Capital Maintains Hold on Shopify, Lowers Price Target to $57
Portfolio Pulse from Benzinga Newsdesk
Loop Capital analyst Anthony Chukumba maintains a 'Hold' rating on Shopify (NYSE:SHOP) and lowers the price target from $62 to $57.
October 16, 2023 | 6:35 pm
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Loop Capital analyst Anthony Chukumba maintains a 'Hold' rating on Shopify and lowers the price target from $62 to $57.
The lowering of the price target by Loop Capital analyst Anthony Chukumba from $62 to $57 indicates a less optimistic outlook for Shopify's stock in the short term. This could potentially lead to a decrease in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100