BofA analyst Brad Sills raised the firm’s price target on Shopify (SHOP) to $190 from $185 and keeps a Buy rating on the shares following “solid” results and growth across all customer segments. While stating that the company delivered on all key growth and margin metrics, the firm views the stock as “priced to perfection” and views the reaction to earnings as a case of “sell the news.”
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Read More on SHOP:
- Shopify price target raised to $155 from $150 at Truist
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- Shopify price target raised to $175 from $150 at Stifel