MoffettNathanson Downgrades Shopify to Neutral, Lowers Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
MoffettNathanson has downgraded Shopify (NYSE:SHOP) from Buy to Neutral and lowered the price target from $74 to $65.
June 06, 2024 | 1:11 pm
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NEGATIVE IMPACT
MoffettNathanson has downgraded Shopify from Buy to Neutral and reduced the price target from $74 to $65.
The downgrade from Buy to Neutral and the reduction in price target from $74 to $65 by MoffettNathanson is likely to negatively impact Shopify's stock price in the short term as it reflects a less optimistic outlook from a reputable analyst.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100