JMP Securities Upgrades Shopify to Market Outperform, Announces $80 Price Target
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Andrew Boone upgraded Shopify (NYSE:SHOP) from Market Perform to Market Outperform with a new price target of $80.
May 09, 2024 | 6:45 pm
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Shopify upgraded by JMP Securities to Market Outperform with a price target of $80.
Upgrades by analysts, especially to a rating of Market Outperform, can lead to increased investor confidence and potential stock price appreciation. The new price target of $80 suggests a positive outlook on the company's future performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100