Analysts Offer Insights on Technology Companies: Shopify (SHOP) and Lyft (LYFT)
Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Shopify (SHOP) and Lyft (LYFT).
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Shopify (SHOP)
RBC Capital analyst Paul Treiber maintained a Buy rating on Shopify on March 27 and set a price target of $170.00. The company’s shares closed last Friday at $111.85.
According to TipRanks.com, Treiber is a 5-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Shopify with a $164.00 average price target, implying a 44.5% upside from current levels. In a report issued on March 12, Piper Sandler also initiated coverage with a Buy rating on the stock with a $165.00 price target.
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Lyft (LYFT)
Wells Fargo analyst Ken Gawrelski maintained a Hold rating on Lyft today and set a price target of $18.00. The company’s shares closed last Friday at $12.86.
According to TipRanks.com, Gawrelski is a 4-star analyst with an average return of
Lyft has an analyst consensus of Hold, with a price target consensus of $18.73, representing a 45.4% upside. In a report issued on March 18, BTIG also maintained a Hold rating on the stock.
Read More on SHOP:
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