Analyst Ratings Coverage
Here is the updated coverage on the analyst ratings for Shopify stock for today, February 14th, 2024:
- Scotia Capital: They maintained a “Sector Perform” rating for Shopify stock. This suggests that they believe Shopify’s performance will be in line with the overall sector. The target price they set is USD 95.
- Piper Jaffray Companies: They also maintained their rating but with an “Underweight” recommendation. This implies that they believe Shopify’s performance will be below that of the overall market or sector. They adjusted their target price range from USD 56 to USD 63.
- Seaport Global Securities: They maintained a “Buy” rating for Shopify stock. This indicates that they have a positive outlook on Shopify’s performance and recommend buying shares. Their target price is set at USD 66.
- TD Securities: They kept their rating as “Hold” for Shopify stock. This suggests a neutral stance, implying that investors may want to hold onto their current positions rather than buying more or selling. Their target price is USD 80.
- ATB Capital Markets: They raised their target price for Shopify stock and maintained a “Buy” rating. This indicates a positive outlook and suggests that they believe Shopify’s stock is undervalued or has potential for growth. Their new target price is USD 81.
