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Analyst: Shopify Stock Boasts Intriguing Entry Point
ShopifyShopify(US:SHOP) schaeffersresearch.com·2024-05-22 20:46

The shares of Shopify Inc (NYSE:SHOP) are 3.3% higher in premarket trading following a bull note from Goldman Sachs. The Wall Street analyst upgraded SHOP to "buy" from "neutral" and increased its price target to 74from74 from 67, pointing at the equity's attractive entry point after a shaky start to 2024.Specifically, the e-commerce stock is down 24.5% year to date, with headwinds blowing in earlier this month after a downbeat quarterly report. Shopify stock yesterday closed at its lowest mark since November 2 ...