Barclays Maintains Equal-Weight on Shopify, Raises Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Trevor Young maintains an Equal-Weight rating on Shopify (NYSE:SHOP) and raises the price target from $63 to $65.
August 08, 2024 | 6:16 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Barclays analyst Trevor Young maintains an Equal-Weight rating on Shopify and raises the price target from $63 to $65.
The raised price target from $63 to $65 indicates a positive outlook from Barclays, which could lead to a short-term increase in Shopify's stock price. However, the Equal-Weight rating suggests a balanced view, limiting the potential impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100