JMP Securities Reiterates Market Outperform on Shopify, Maintains $80 Price Target
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Andrew Boone has reiterated a Market Outperform rating for Shopify (NYSE:SHOP) and maintained a price target of $80.
September 10, 2024 | 5:37 pm
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JMP Securities has reiterated its Market Outperform rating for Shopify, maintaining a price target of $80. This suggests confidence in Shopify's potential for growth and positive performance in the market.
The reiteration of a Market Outperform rating and maintenance of a price target by JMP Securities indicates a positive outlook on Shopify's stock. This can lead to increased investor confidence and potential upward movement in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100