What 9 Analyst Ratings Have To Say About Shopify
Portfolio Pulse from Benzinga Insights
Over the last quarter, Shopify (NYSE:SHOP) received 9 analyst ratings: 2 bullish, 2 somewhat bullish, 4 indifferent, 1 somewhat bearish, and 0 bearish. The average 12-month price target for Shopify is $62.56, with a high of $72.00 and a low of $55.00. This average has decreased by 1.01% from the previous target of $63.20. Analyst ratings are based on information from company calls, financial statements, and insider conversations.
November 28, 2023 | 12:00 pm
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NEUTRAL IMPACT
Shopify received mixed analyst ratings with an average 12-month price target of $62.56, reflecting a slight decrease from the previous target. The ratings suggest a neutral to slightly positive outlook from analysts.
The mixed analyst ratings with a slight decrease in the average price target suggest a neutral short-term impact on Shopify's stock price. The lack of strongly bearish ratings could prevent significant downside, while the presence of bullish and somewhat bullish ratings may not be enough to drive a strong positive reaction in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100