Guggenheim analyst Kenneth Wong maintained a Hold rating on Shopify (SHOP – Research Report) yesterday. The company's shares closed last Monday at $1567.02. According to TipRanks.com, Wong is a 5-star analyst with an average return of 23.1% and a 66.4% success rate. Wong covers the Technology sector, focusing on stocks such as BigCommerce Holdings, Altair Engineering, and Progress Software. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Shopify with a $1668.90 average price target, a 5.8% upside from current levels. In a report issued on November 15, Loop Capital Markets also downgraded the stock to Hold.
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Shopify (NYSE:SHOP)
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