Shopify shares are trading higher after Goldman Sachs upgraded the stock from Neutral to Buy and raised its price target from $67 to $74.
Portfolio Pulse from Benzinga Newsdesk
Shopify shares are trading higher after Goldman Sachs upgraded the stock from Neutral to Buy and raised its price target from $67 to $74.
May 22, 2024 | 11:08 am
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POSITIVE IMPACT
Goldman Sachs upgraded Shopify from Neutral to Buy and increased its price target from $67 to $74, leading to a rise in Shopify's stock price.
The upgrade from a major financial institution like Goldman Sachs and the increase in price target are strong positive signals for investors, likely leading to increased buying activity and a rise in Shopify's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100