RBC Capital lowered the firm’s price target on Shopify (SHOP) to $170 from $200 and keeps an Outperform rating on the shares. Shopify reported a fundamentally strong quarter, the analyst tells investors in a research note. While Shopify is likely to be an AI beneficiary, shares are getting caught up in broader AI disruption fears, the firm added.
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Read More on SHOP:
- Shopify price target lowered to $160 from $185 at Wedbush
- Shopify price target lowered to $126 from $181 at Cantor Fitzgerald
- Shopify price target raised to $160 from $150 at BMO Capital
- Shopify price target lowered to $160 from $180 at Baird
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