Citigroup Maintains Neutral on Shopify, Lowers Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Tyler Radke has maintained a Neutral rating on Shopify (NYSE:SHOP) and lowered the price target from $77 to $62.
October 24, 2023 | 5:37 pm
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NEUTRAL IMPACT
Citigroup has maintained a Neutral rating on Shopify and lowered the price target from $77 to $62. This could potentially impact the stock's performance.
The lowered price target by Citigroup could potentially lead to a change in investor sentiment and impact the stock's performance. However, the maintained Neutral rating indicates that the stock is expected to perform at the same level as the market or other stocks in the same industry.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100