Form 144 SHOPIFY INC. Filed by: Nejatian Kasra
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Shopify (SHOP) turning a corner on balanced growth - BofA
July 16, 2024 2:00 PM EDTBank of America analysts upgraded Shopify (NYSE: SHOP) to a Buy rating and raised its price target for the stock to $82 from $78 in a note Tuesday, citing solid growth and free cash flow (FCF) conversion.
The bank said that under the guidance of new CFO Jeff Hoffmeister, Shopify has made strides in achieving balanced growth and margin improvements.
BofA forecasts solid revenue growth driven... More
