In a report released today, Keith Weiss from Morgan Stanley maintained a Hold rating on Shopify (SHOP – Research Report), with a price target of $44.00. The company's shares closed last Thursday at $35.24, close to its 52-week low of $29.72. According to TipRanks.com, Weiss is a 5-star analyst with an average return of 13.9% and a 62.0% success rate. Weiss covers the Technology sector, focusing on stocks such as Qualtrics International, ZoomInfo Technologies, and Palantir Technologies. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Shopify with a $63.74 average price target, implying an 83.7% upside from current levels.
https://www.tipranks.com/news/blurbs/shopify-shop-receives-a-hold-from-morgan-stanley?utm_source=advfn.com&utm_medium=referral
Shopify (NYSE:SHOP)
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