Goldman Sachs Maintains Neutral on Shopify, Lowers Price Target to $67
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Gabriela Borges maintains a Neutral rating on Shopify (NYSE:SHOP) and lowers the price target from $75 to $67.
May 09, 2024 | 12:58 pm
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NEGATIVE IMPACT
Goldman Sachs maintains a Neutral rating on Shopify and lowers the price target from $75 to $67.
The reduction in price target by Goldman Sachs, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in Shopify's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100