Baird Maintains Outperform on Shopify, Raises Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Colin Sebastian maintains an Outperform rating on Shopify and raises the price target from $79 to $90.
October 09, 2024 | 11:24 am
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Baird analyst Colin Sebastian has reaffirmed an Outperform rating for Shopify and increased the price target from $79 to $90, indicating a positive outlook for the stock.
The increase in price target from $79 to $90 by Baird suggests a positive outlook for Shopify's stock, likely leading to a short-term price increase. The Outperform rating indicates confidence in Shopify's market performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100