Wells Fargo Maintains Overweight on Shopify, Lowers Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Andrew Bauch maintains an Overweight rating on Shopify (NYSE:SHOP) and lowers the price target from $85 to $75.
May 09, 2024 | 4:06 pm
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Wells Fargo maintains an Overweight rating on Shopify but lowers the price target from $85 to $75.
The reduction in price target by Wells Fargo, despite maintaining an Overweight rating, could lead to a short-term negative sentiment among investors, potentially causing a decrease in Shopify's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100