Wolfe Research Initiates Coverage On Shopify with Outperform Rating, Announces Price Target of $80
Portfolio Pulse from Benzinga Newsdesk
Wolfe Research has initiated coverage on Shopify (NYSE:SHOP) with an Outperform rating and a price target of $80.
July 16, 2024 | 10:44 am
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Wolfe Research has initiated coverage on Shopify with an Outperform rating and a price target of $80, indicating a positive outlook for the stock.
The initiation of coverage with an Outperform rating and a price target of $80 by Wolfe Research suggests a positive outlook for Shopify. This is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100