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Shopify's share price slump offers entry point ahead of earnings release, with 3 Wall Street firms upgrading ratings to buy since Feb.
Shopify's share price slump has set up a compelling entry point for investors ahead of its earnings release, according to three new Wall Street bulls.
Down 15% from its February peak, the company has the most buy ratings since 2022, with BNP Paribas SA, Citigroup SA, and Morgan Stanley upgrading their ratings to buy-equivalent in the past month.
Despite a 120% rally last year, the e-commerce giant's shares have struggled, creating an opportunity for traders to potentially benefit from the upcoming earnings report.
6 Articles
La caída del precio de las acciones de Shopify ofrece un punto de entrada antes de la publicación de resultados, con tres empresas de Wall Street mejorando sus calificaciones para comprar desde febrero.