Expert Ratings for Shopify
Portfolio Pulse from Benzinga Insights
Over the last quarter, Shopify (NYSE:SHOP) received a mix of analyst ratings, with 2 bullish, 3 somewhat bullish, 6 indifferent, 1 somewhat bearish, and 1 bearish. The average 12-month price target for Shopify is $68.08, ranging from $55.00 to $100.00. This target has increased by 1.04% in the past month. Analyst ratings are based on financial analysis and are subject to human error.
December 18, 2023 | 1:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Shopify has received mixed analyst ratings with a slight increase in the average price target over the past month, indicating a cautiously optimistic outlook from analysts.
The mixed analyst ratings with a slight increase in the average price target suggest a moderate level of confidence from analysts, which could lead to a positive short-term impact on SHOP's stock price. However, the presence of indifferent and bearish ratings indicates that investors should be cautious, as the outlook is not overwhelmingly positive.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100