Morgan Stanley Maintains Equal-Weight on Shopify, Raises Price Target to $74
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Keith Weiss has maintained an Equal-Weight rating on Shopify (NYSE:SHOP) and increased the price target from $62 to $74. This adjustment reflects a more positive outlook on the company's future performance.
December 04, 2023 | 6:18 pm
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Morgan Stanley's analyst has reaffirmed an Equal-Weight rating on Shopify and raised the price target to $74, indicating a potential upside from the previous target of $62.
The increase in price target by Morgan Stanley suggests a more optimistic view on Shopify's value, which could lead to increased investor confidence and a potential short-term rise in the stock price.
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