TD Securities Maintains Hold on Shopify, Lowers Price Target to $72
Portfolio Pulse from Benzinga Newsdesk
TD Securities analyst Daniel Chan maintains a Hold rating on Shopify (NYSE:SHOP) and lowers the price target from $80 to $72.
May 09, 2024 | 7:14 pm
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TD Securities maintains a Hold rating on Shopify and reduces the price target from $80 to $72.
The reduction in price target by TD Securities suggests a bearish outlook on Shopify's short-term price potential, likely due to revised expectations on the company's future performance. This adjustment could lead to a negative investor sentiment and potentially decrease the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100