Shopify Inc. (SHOP:CA) Truist Financial Upgrades Rating and Forecast
Shopify Inc. (SHOP:CA) (SHOP)
Analyst Update
Truist Financial analyst, Terry Tillman upgraded Shopify’s stock from a Hold rating to a Buy ,and raised the 12 month price target to $150.00 from $110.00, reflecting increased confidence in the company’s growth outlook, margin expansion, and improving operating leverage, Analysts expect continued strength in merchant adoption and ecosystem-driven revenue opportunities going forward,
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