Redburn Atlantic Upgrades Shopify to Buy, Announces $99 Price Target
Portfolio Pulse from Benzinga Newsdesk
Redburn Atlantic analyst Dominic Ball has upgraded Shopify (NYSE:SHOP) from Neutral to Buy, setting a price target of $99.
September 17, 2024 | 2:50 pm
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Redburn Atlantic's analyst Dominic Ball has upgraded Shopify from Neutral to Buy, with a new price target of $99. This upgrade could positively influence investor sentiment and potentially drive the stock price higher in the short term.
The upgrade from Neutral to Buy by a reputable analyst can lead to increased investor interest and buying activity, potentially driving the stock price up. The specific price target of $99 provides a clear valuation benchmark for investors.
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