Goldman Sachs Upgrades Shopify to Buy, Raises Price Target to $74
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs has upgraded Shopify (NYSE:SHOP) from Neutral to Buy and raised the price target from $67 to $74, according to analyst Gabriela Borges.
May 22, 2024 | 9:15 am
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POSITIVE IMPACT
Goldman Sachs analyst Gabriela Borges has upgraded Shopify from Neutral to Buy and increased the price target from $67 to $74.
The upgrade from Neutral to Buy and the increase in price target by a reputable firm like Goldman Sachs is likely to positively impact Shopify's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100