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Shopify hit a 52-week high as analysts predict strong Black Friday sales and boost stock targets.
Shopify reached a new 52-week high of $115.82 on Friday, with several analysts upgrading its stock rating and raising price targets.
The consensus rating is a "Moderate Buy" with a target price of $95.84.
Analyst Kevin Krishnaratne at Scotia Capital named Shopify a top pick for Black Friday, expecting its stock to grow further despite a 40% rise since October.
He anticipates an 18% increase in Black Friday sales, with Scotia Capital maintaining a $115 price target.
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Shopify alcanzó un máximo de 52 semanas mientras los analistas predicen fuertes ventas de Black Friday e incrementan los objetivos de stock.