Loop Capital Maintains Hold on Shopify, Raises Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Loop Capital analyst Anthony Chukumba maintains a Hold rating on Shopify (NYSE:SHOP) and raises the price target from $68 to $80.
August 16, 2024 | 12:15 pm
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Loop Capital analyst Anthony Chukumba maintains a Hold rating on Shopify and raises the price target from $68 to $80.
The raised price target from $68 to $80 indicates a positive outlook on Shopify's stock, which could lead to a short-term price increase. However, the Hold rating suggests that the stock may not outperform the market significantly.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100