Morgan Stanley Maintains Equal-Weight on Shopify, Raises Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Keith Weiss maintains an Equal-Weight rating on Shopify (NYSE:SHOP) and raises the price target from $59 to $62.
November 03, 2023 | 1:30 pm
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Morgan Stanley maintains an Equal-Weight rating on Shopify and raises the price target from $59 to $62.
The raised price target by Morgan Stanley indicates a positive outlook for Shopify. This could potentially lead to an increase in the stock price in the short term as it signals confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100