Deutsche Bank Maintains Buy on Shopify, Raises Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Bhavin Shah has reaffirmed a Buy rating on Shopify (NYSE:SHOP) and increased the price target from $75 to $85.
December 06, 2023 | 9:14 pm
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POSITIVE IMPACT
Deutsche Bank analyst Bhavin Shah maintains a Buy rating on Shopify and raises the price target from $75 to $85, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Bhavin Shah from Deutsche Bank suggests a strong conviction in Shopify's future performance. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100