Shopify Bulls Pile on With Even Higher Stock Price Expectations
Photographer: Kevin Van Paassen/Bloomberg
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Analysts are growing more bullish on Shopify Inc., with their average 12-month target rising above the share price for the first time since February.
Rosenblatt Securities analyst Mark Zgutowicz became the latest to raise his price target Wednesday, boosting it to $295 from $212. That brought the average to $255, about 5 percent ahead of Shopify’s Tuesday record closing price of $243.53 in New York.