Wells Fargo Maintains Overweight on Shopify, Raises Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Andrew Bauch has maintained an Overweight rating on Shopify and increased the price target from $80 to $90, indicating a positive outlook for the company's stock.
September 11, 2024 | 2:44 pm
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POSITIVE IMPACT
Wells Fargo has maintained an Overweight rating on Shopify and raised the price target from $80 to $90, suggesting a positive short-term outlook for the stock.
The increase in price target from $80 to $90 by Wells Fargo, along with maintaining an Overweight rating, indicates a strong positive sentiment from the analyst. This is likely to boost investor confidence and could lead to a short-term increase in Shopify's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100