Wells Fargo Maintains Overweight on Shopify, Raises Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Andrew Bauch maintains an Overweight rating on Shopify (NYSE:SHOP) and raises the price target from $70 to $90.
February 02, 2024 | 2:34 pm
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Wells Fargo analyst Andrew Bauch maintains an Overweight rating on Shopify and raises the price target from $70 to $90.
The upgrade in price target by a reputable analyst from Wells Fargo signifies a strong bullish sentiment towards Shopify. This is likely to instill confidence in investors, potentially driving up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100