Barclays Maintains Equal-Weight on Shopify, Lowers Price Target to $63
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Trevor Young maintains an Equal-Weight rating on Shopify (NYSE:SHOP) and lowers the price target from $68 to $63.
May 09, 2024 | 3:37 pm
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Barclays maintains an Equal-Weight rating on Shopify and lowers the price target from $68 to $63.
The reduction in price target by Barclays, 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