RBC Capital Reiterates Outperform on Shopify, Maintains $100 Price Target
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Paul Treiber has reiterated an Outperform rating on Shopify (NYSE:SHOP) and maintained a $100 price target for the company's stock.
January 22, 2024 | 5:24 pm
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RBC Capital analyst Paul Treiber reaffirmed an Outperform rating on Shopify and kept the price target at $100, indicating a positive outlook for the stock.
The reiteration of an Outperform rating by a major analyst like RBC Capital suggests a bullish outlook on Shopify, which could instill confidence in investors and positively influence the stock's short term price movement.
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