Barclays analyst Trevor Young maintained a Hold rating on Shopify (SHOP – Research Report) on May 5 and set a price target of $460.00. The company's shares closed last Friday at $377.49. According to TipRanks.com, Young is a 2-star analyst with an average return of -0.3% and a 43.5% success rate. Young covers the Consumer Goods sector, focusing on stocks such as Mercadolibre, Groupon, and Chewy. Currently, the analyst consensus on Shopify is a Moderate Buy with an average price target of $708.27, a 76.6% upside from current levels. In a report issued on May 3, Loop Capital Markets also maintained a Hold rating on the stock with a $460.
https://www.tipranks.com/news/blurbs/barclays-sticks-to-their-hold-rating-for-shopify-shop?utm_source=advfn.com&utm_medium=referral
Shopify (NYSE:SHOP)
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