Shopify Stock Climbs After Bank of America Analysts Say It's 'Turning a Corner'

Key TakeawaysBank of America upgraded shares of Shopify, saying the online payments platform is turning a corner on balancing growth and profit margins.The bank boosted its rating from neutral to buy and increased its price target by $4 to $82.The stock is rising today, though still in the red for 2024. Shopify (SHOP) shares rose Tuesday after an upgrade from Bank of America, which argued that the online payments platform is “turning the corner.” Bank of America raised its rating to buy from neutral, and in ...