Evercore ISI analyst Mark Mahaney upgraded Shopify's stock to "Outperform" with a $75 price target.
Shopify's shares have risen after Evercore ISI analyst Mark Mahaney upgraded the stock from "In-Line" to "Outperform" with a $75 price target, citing a 30% drop as an opportune entry point for investors. Mahaney's confidence in Shopify's future growth prospects is based on its substantial Total Addressable Market ($850bn), strong competitive position, and potential upmarket opportunities.
June 14, 2024
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