Citigroup Maintains Buy on Shopify, Lowers Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Tyler Radke maintains a Buy rating on Shopify (NYSE:SHOP) but lowers the price target from $97 to $90.

August 08, 2024 | 6:57 pm
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Citigroup analyst Tyler Radke maintains a Buy rating on Shopify but lowers the price target from $97 to $90.
The maintained Buy rating suggests continued confidence in Shopify's long-term prospects, but the lowered price target indicates some caution about short-term performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100