Wells Fargo Maintains Overweight on Shopify, Raises Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Andrew Bauch maintains an Overweight rating on Shopify (NYSE:SHOP) and raises the price target from $75 to $80.
August 08, 2024 | 1:22 pm
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POSITIVE IMPACT
Wells Fargo analyst Andrew Bauch maintains an Overweight rating on Shopify and raises the price target from $75 to $80.
The Overweight rating and increased price target from a reputable analyst at Wells Fargo is likely to boost investor confidence in Shopify, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100