RBC Capital Maintains Outperform on Shopify, Raises Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Paul Treiber maintains an Outperform rating on Shopify and raises the price target from $85 to $100.
October 18, 2024 | 5:36 pm
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RBC Capital has increased its price target for Shopify from $85 to $100 while maintaining an Outperform rating, indicating confidence in Shopify's future performance.
The increase in price target from $85 to $100 by RBC Capital suggests a positive outlook on Shopify's future performance. The Outperform rating indicates that the analyst expects Shopify to perform better than the market average, which is likely to positively influence investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100