Loop Capital Maintains Hold on Shopify, Raises Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Loop Capital has maintained a Hold rating on Shopify while raising its price target from $80 to $90, indicating a positive outlook on the company's stock performance.
October 09, 2024 | 1:23 pm
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Loop Capital has maintained its Hold rating on Shopify and increased the price target from $80 to $90, suggesting a positive outlook on the stock.
The increase in price target from $80 to $90 by Loop Capital indicates a positive sentiment towards Shopify's future performance. Although the rating remains at Hold, the raised target suggests potential upside, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100