Baird Maintains Outperform on Shopify, Raises Price Target to $87
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Colin Sebastian has maintained an Outperform rating on Shopify (NYSE:SHOP) and increased the price target from $85 to $87.
April 03, 2024 | 11:08 am
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Baird analyst Colin Sebastian maintains an Outperform rating on Shopify and raises the price target from $85 to $87.
The increase in price target by Baird reflects a positive outlook on Shopify's future performance. This endorsement from a reputable analyst could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100