Morgan Stanley lowered the firm’s price target on Shopify (SHOP) to $106 from $144 and keeps an Overweight rating on the shares. The firm is adjusting risk/rewards for a large number of software companies as it analyzes tariff risk uncertainty and what has already been priced into shares.
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Read More on SHOP:
- Shopify price target lowered to $120 from $150 at Loop Capital
- Shopify price target lowered to $80 from $120 at Cantor Fitzgerald
- Shopify price target lowered to $110 from $140 at Wedbush
- Shopify price target lowered to $85 from $110 at Mizuho
- Shopify price target lowered to $115 from $150 at DA Davidson