UBS Maintains Neutral on Shopify, Raises Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Timothy Chiodo maintains a Neutral rating on Shopify (NYSE:SHOP) and raises the price target from $71 to $75.

August 08, 2024 | 1:46 pm
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UBS analyst Timothy Chiodo maintains a Neutral rating on Shopify and raises the price target from $71 to $75.
The raised price target from $71 to $75 indicates a positive outlook on Shopify's stock, which could lead to a short-term price increase. However, the Neutral rating suggests that the analyst does not see significant upside potential beyond the new target.
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