Goldman Sachs Maintains Neutral on Shopify, Raises Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Gabriela Borges maintains a Neutral rating on Shopify (NYSE:SHOP) and raises the price target from $67 to $75.
February 29, 2024 | 3:09 pm
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Goldman Sachs maintains a Neutral rating on Shopify and raises the price target from $67 to $75.
The increase in price target by Goldman Sachs suggests a positive outlook on Shopify's stock value in the short term, despite maintaining a Neutral rating. This adjustment reflects an expectation of improved performance or valuation metrics for Shopify, which could lead to increased investor interest and potentially a rise in stock price.
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IMPORTANCE 80
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