Bearish
Rothschild Redburn downgrades Shopify to Neutral, citing Meta threat.
Rothschild Redburn downgraded Shopify's stock rating to Neutral from Buy, reducing the price target to $130 from $160, due to competitive threats from Meta Platforms. This follows a 5.71% decline in Shopify's stock price on July 23, 2026, closing at $111.66.
Key points
- Rothschild Redburn downgrades Shopify to Neutral, citing Meta threat.
- Shopify's stock drops 5.71% to $111.66 on July 23, 2026.
- CI Investments Inc. reduces Shopify stake by 65.6% in Q1.
- Weiss Ratings assigns C- (Hold) to Shopify after recent decline.
Sources
AI-generated from public news sources. Not financial advice.
