Evercore ISI Group Upgrades Shopify to Outperform, Announces $75 Price Target
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group has upgraded Shopify (NYSE:SHOP) from In-Line to Outperform, with a new price target of $75, as announced by analyst Mark Mahaney.
June 14, 2024 | 12:15 pm
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POSITIVE IMPACT
Evercore ISI Group has upgraded Shopify from In-Line to Outperform, setting a new price target of $75. This upgrade by analyst Mark Mahaney is likely to positively impact Shopify's stock price in the short term.
The upgrade from a reputable analyst and the new price target of $75 suggest increased investor confidence in Shopify's future performance. This is likely to drive positive sentiment and buying activity in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100