In a report released today, Josh Beck from KeyBanc maintained a Buy rating on Shopify (SHOP – Research Report), with a price target of $50.00. The company's shares closed last Wednesday at $33.04, close to its 52-week low of $29.72. According to TipRanks.com, Beck is a 5-star analyst with an average return of 16.6% and a 57.1% success rate. Beck covers the Technology sector, focusing on stocks such as BigCommerce Holdings, AvidXchange Holdings, and Robinhood Markets. Shopify has an analyst consensus of Moderate Buy, with a price target consensus of $55.80, a 63.4% upside from current levels.
https://www.tipranks.com/news/blurbs/new-buy-rating-for-shopify-shop-the-technology-giant-3?utm_source=advfn.com&utm_medium=referral
Shopify (NYSE:SHOP)
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