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.
February 14, 2024 | 2:27 pm
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RBC Capital maintains an Outperform rating on Shopify with a $100 price target.
The reiteration of an Outperform rating and maintenance of a $100 price target by a reputable analyst like Paul Treiber from RBC Capital could positively influence investor sentiment towards Shopify. This endorsement reaffirms confidence in Shopify's potential for growth and could lead to an uptick in its stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100