Wells Fargo Initiates Coverage On Shopify with Overweight Rating, Announces Price Target of $65
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Andrew Bauch has initiated coverage on Shopify (NYSE:SHOP) with an Overweight rating and a price target of $65.
October 31, 2023 | 8:29 am
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Shopify has been given an Overweight rating by Wells Fargo with a price target of $65.
The Overweight rating from Wells Fargo indicates a positive outlook for Shopify. The price target of $65 suggests that the analyst believes the stock has potential for significant growth. This could lead to increased investor interest and a potential rise in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100