April 19, 2024

Shopify stock rating raised at Morgan Stanley

On Friday, Morgan Stanley raised its rating on Shopify (NYSE:SHOP) shares to Overweight from Equal-Weight, accompanied by an increase in the price target to $85 from $74. The firm\’s confidence in Shopify\’s growth durability is bolstered by the company\’s success in capturing more upmarket share and a disciplined approach to headcount management.

Read More