Why Shopify Stock Suddenly Soared Today
Shopify(SHOP) The Motley Fool·2024-02-02 18:35Shares of Shopify (SHOP 6.53%) jumped as much as 7.7% higher on Friday morning, buffed by a bullish research report from analysts at Wells Fargo.Wells Fargo's bullish Shopify analysisWells Fargo analyst Andrew Bauch reaffirmed his overweight rating on the e-commerce services stock while lifting the price target from $80 to $90 per share. In a note to clients, Bauch said that a robust holiday shopping season was already baked into Shopify's stock price. In order to go higher from here, he's looking for produ ...