Neutral
Rothschild & Co Redburn downgrades Shopify (SHOP) to 'Hold' amid mixed analyst views.
In the past 24 hours, Rothschild & Co Redburn downgraded Shopify's stock rating from 'Strong-Buy' to 'Hold', reflecting a more cautious outlook. This adjustment adds to the mixed analyst sentiment surrounding the company. Despite the downgrade, the broader analyst consensus remains 'Moderate Buy', with 32 Buy ratings, 3 Strong Buy, and a consensus price target of $157.86.
Key points
- Rothschild & Co Redburn downgrades Shopify to 'Hold'.
- Broader analyst consensus remains 'Moderate Buy'.
Sources
AI-generated from public news sources. Not financial advice.
