Markets
In a report released yesterday, Kenneth Wong from Guggenheim maintained a Hold rating on Shopify (SHOP – Research Report). The company’s shares closed last Tuesday at $1123.01.
According to TipRanks.com, Wong is a 4-star analyst with an average return of 23.7% and a 66.7% success rate. Wong covers the Technology sector, focusing on stocks such as BigCommerce Holdings, Guidewire, and Zendesk.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Shopify with a $1468.78 average price target, representing a 29.1% upside. In a report issued on April 5, Credit Suisse also initiated coverage with a Hold rating on the stock with a $1350.00 price target.