JP Morgan Initiates Coverage On Shopify with Overweight Rating, Announces Price Target of $74
Portfolio Pulse from Benzinga Newsdesk
JP Morgan has initiated coverage on Shopify with an Overweight rating and set a price target of $74.
June 11, 2024 | 9:45 am
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POSITIVE IMPACT
JP Morgan has initiated coverage on Shopify with an Overweight rating and set a price target of $74.
An Overweight rating from a major financial institution like JP Morgan is likely to positively impact Shopify's stock price in the short term. The price target of $74 suggests confidence in the stock's potential for growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100