Shopify (SHOP:TSX) (SHOP:NYE) STA Research Reiterated Coverage

STA Research
by: STA Research
In a published research note STA Research reiterated its coverage of Shopify. A Buy rating and boosts the 12-month price target to $60 from $53 per share.

Analysis of the Shopify stock

Based on 6 analysts’ projections, the average analyst target price for Shopify stock is CAD 60.08. The typical analyst rating for Shopify stock is Buy. Based on 5 positives and 5 negative signs. Target Advisor’s stock analysis of Shopify is Neutral. The stock price of Shopify was CAD 49.13 at the most recent close. Over the previous week, +21.19% over the past month, and -75.36% over the past year, the stock price.

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