Shopify (NASDAQ:SHOP – Get Free Report) TSE: SHOP had its target price upped by research analysts at Citizens Jmp from $150.00 to $185.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “market outperform” rating on the <a href="https://bitcomme.com/neworg-releases-educational-article-on-crm-software-for-nonprofits/” title=”NewOrg Releases Educational Article on CRM Software for Nonprofits”>software maker’s stock. Citizens Jmp’s target price would indicate a potential upside of 28.26% from the stock’s current price.
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Several other equities analysts also recently weighed in on SHOP. National Bank Financial reissued an “outperform” rating on shares of Shopify in a research report on Wednesday. Rothschild & Co Redburn set a $130.00 price objective on shares of Shopify and gave the stock a “neutral” rating in a research note on Tuesday, July 21st. Oppenheimer reiterated an “outperform” rating and set a $175.00 price objective on shares of Shopify in a research report on Wednesday, May 6th. Benchmark reissued a “buy” rating on shares of Shopify in a research note on Wednesday, July 29th. Finally, Needham & Company LLC restated a “buy” rating and issued a $180.00 target price on shares of Shopify in a report on Tuesday, May 5th. Three research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.97.
View Our Latest Stock Report on Shopify
Shopify Trading Up 17.0%
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SHOP opened at $144.24 on Thursday. The firm has a market cap of $187.17 billion, a P/E ratio of 142.81, a P/E/G ratio of 2.66 and a beta of 2.58. Shopify has a 12 month low of $94.00 and a 12 month high of $182.19. The stock has a 50-day moving average of $117.98 and a 200 day moving average of $119.65.
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