Bearish
Shopify's stock price declines 0.92% to $152.90 amid analyst downgrades.
In the past 24 hours, Shopify's stock has experienced a decline of 0.92%, closing at $152.90. This downturn follows recent analyst downgrades, including Phillip Securities' reduction from 'Buy' to 'Accumulate,' despite raising the price target to $170. Analyst Helena Wang cited recent share price movements as the reason for the downgrade, even as the firm increased its fiscal 2026 revenue and profit forecasts by 3% and 1%, respectively.
Key points
- Phillip Securities downgrades Shopify from 'Buy' to 'Accumulate,' raising price target to $170.
- UBS maintains 'Neutral' rating, raises price target to $145 following strong Q2 results.
- Rosenblatt Securities initiates coverage with 'Buy' rating and $175 price target.
Sources
AI-generated from public news sources. Not financial advice.
