Shopify (SHOP) holds an 'untenable valuation' - Piper Sandler
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Piper Sandler Downgrades Shopify (SHOP) to Underweight
November 28, 2023 5:32 AM ESTPiper Sandler analyst Michael Olson downgraded Shopify (NYSE: SHOP) from Neutral to Underweight with a price target of $56.00 (from $58.00).
For an analyst ratings summary and ratings history on Shopify click here. For more ratings news on Shopify click here.
Shares of Shopify closed at $73.79 yesterday.
... MoreMidday movers: Affirm, Amazon, and More
November 27, 2023 7:54 AM EST(Updated - November 27, 2023 1:12 PM EST)
Main U.S. indexes were mixed on Monday ahead of the release of important inflation data this week. Retailers were on investors minds as holiday shopping picked up steam.
Here are some of the biggest U.S. stock movers today:
Amazon (NASDAQ: AMZN) stock rose 1.5% after the online retail giant reached an agreement with most of its workers in Spain on Monday, avoiding the full impact of a planned one-hour strike per shift on one of the busiest... More
Shopify jumps after e-commerce group's merchants post record Black Friday sales
November 27, 2023 7:36 AM ESTInvesting.com -- Shares in Shopify (NYSE: SHOP) rose in premarket trading in New York on Monday after the e-commerce group said its merchants had posted an all-time high of $4.1 billion in combined sales on Black Friday.
Ottawa-based Shopify, which provides software and services to online sellers, said global sales by businesses using the platform had grown by 22% compared to the prior year during the annual post-Thanksgiving promotional event, with demand particularly strong for clothing, personal care products and jewelry.
"The world showed up for... More
