Shopify (SHOP) PT Raised to $60 at Loop Capital

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Shopify (SHOP) downgraded at Atlantic on valuation

May 9, 2023 9:03 AM EDT

Atlantic Equities analyst Kunaal Malde downgraded Shopify (NYSE: SHOP) to Neutral from Overweight, citing full valuation.

The price target goes to $65 per share, up from the prior $55.

Shopify shares are up over 35% in May after the company said it will cut 20%... More

Shopify (SHOP) raised at UBS following 'shape shift'

May 5, 2023 9:38 AM EDT

Shopify (NYSE: SHOP) was lifted to Neutral from Sell at UBS by analyst Kunal Madhukar, who raised the firm's price target on the stock by $30 to $64 per share.

Madhukar stated that Shopify's "shape shift" has led to the rating change.

"Although macro remains... More